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Two of the main factors to building up a retirement nest egg are time and rate of return. Assuming a 4 per cent growth rate, a 60-year-old would need to put away roughly $1,500 a month to accumulate $100,000 by age 65. But starting a small savings habit earlier, at age 20, reduces the monthly contribution required to only about $66 a month. In this video, we'll take a look at the contribution rates required to hit this savings goal at various starting ages, and both lower and higher rates of return.