Question $22$

$4$ pts

One wealth$-$building strategy your professor recommends is to start saving for retirement as soon as possible, even if that means I never did start, then start today. What's the difference and how does time factor into wealth? One of your Watches talked about how to retire with $$1$ million at age $65$ assuming an annual return of $6\%$ with a salary of $65K.$ It stated which of the following

If you save $9\%$ of your salary at age $25,$ you will retire with $1$ million$

At age $35,$ you need to save $$\frac{500}{m}o$

If you start at age $40,$ you need to save $$1,\frac{000}{m}o$

If you start age $45,$ you need to save $$1,\frac{200}{?}$ mo