This strategy is a simple and effective method to retire with 1 million dollars on an average wage. The key is consistency.
Implementation and cost
If you are young and can manage to put $200 into a savings account every week earning interest compounded monthly (average 4% interest over your working life 40 years), you will retire with over 1 million dollars on top of your Super.
Find out how much you can retire with using a compound interest calculator.