Answer: $100,000

From Bloomberg (subscription):

Questions:

• Do you think that $100,000 is enough of a "nest egg" for retirement?
• I know it is a long, long, long way off but how much do you think you will need to save for a comfortable retirement? 
• Is it better to start investing when you are young or to wait until you have the basics like a car and house taken care of before first?

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Here's the ready-to-use slides for this Question of the Day for your classroom.

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Check out NGPF's Case Study: Compound My Interest in 401(k)s!

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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