Saving for and Living in Retirement

Through watching Leah Dubberly's presentation, it deepened my knowledge of what I have learned over the course of this semester thus far. I love the mantra for this course and what is stands for: saving early, regularly, and aggressively, and I feel this video only further heightened this principle and made it seem as important as ever. Up until this point I hadn't seen much point in concerning myself with retirement of savings really in general because it seemed so far away, and therefore unimportant at this point in my life. However, I was so wrong. Being provided with the knowledge that 14% of my generation will graduate, unable to find a job. That is terrifying, especially knowing how much my education has cost, being an out of state student with no scholarships. While I will graduate without loans, it still is imperative that I find a job immediately and begin saving in order to accomplish all of the goals I have set for my life. If I were to invest the minimum annual contribution of $3,400 at 7.8% for 41 years, beginning at the age of 22 I could yield $1,057,926.82. However, if I were to invest the maximum annual contribution of $5,500 at 7.8% for 41 years, beginning at the age of 22 I could yield $1,711,352.20.