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Wednesday, April 27, 2011

Retirement planning is no slam-dunk. To make sure you retire in comfort, you have to start saving early and often. You need to pay attention to your money and not be distracted by the stresses and strains -- or the joys -- of day-to-day life. In the long run, you'll thank yourself for keeping one eye focused on the future.

To help you reach your retirement goals, here's a road map for navigating the decades as you move closer toward retirement age.

In your 20s

If you save $6,000 every year starting at age 20 and earn just 5% in interest each, by the time you're 65, you'll have more than $1 million saved for retirement. While that sounds like a lot, considering inflation, it's not a fortune -- but it can be enough.


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