Start saving for retirement in your 20s to maximize compound interest growth. Kyle Chapman advises saving 12-15% of your gross income annually. Consider a 401(k) or IRA, and aim to have $5-7 million saved by age 65. Inflation and healthcare costs factor into needing a larger retirement nest egg.

Under 40? Experts recommend starting retirement savings ASAP. A longer timeline allows for more compound interest growth. Plan for 30 years of post-retirement life. Consider employer 401(k) matching, Roth IRAs, and individual investment accounts. Automate contributions and let time work for your financial future.

Read more at Yahoo Finance: How Many Years Should You Actually Save for Retirement If You’re Under 40?