Saving for Retirement Saving Money for Retirement at an Older Age

Saving Money for Retirement at an Older Age

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Instead of eating in restaurants as often, eat one less dinner out each week. Assuming one would have spent an average of $20 for each of those restaurant meals, one is able to save an additional $10,400 in 10 year. If you are over 50 and assume an average growth rate of 5.5% a year, these savings will have grown to $13,888.
Source: http://www.investorguide.com/igu-article-738-make-your-retirement-your-priority.html