That same 20 year old student- if they begin saving $100 a month that grows at a 7% annual rate, how much will they have when they reach retirement age? Full retirement age is 67, that's when a person will get their full social security benefit, although they could begin collecting at 62 with a smaller payment.

a)Less than $49,999

b)Between $50,000 and $99,999

c)Between $100,00 and $399,000

d)Over $400,000

e)Nothing, the government will take it