Saving $100 a Month? You’ll Be $1.1M Short of a Comfortable Retirement — 5 Things You Can Do

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Emily FowlerWed, Jul 30, 2025, 5:03 PM 3 min readSaving $100 a month might feel like a comfortable way to build a nest egg, but is it enough for retirement? With rising costs, longer retirements and stagnant savings yields, that $100 won’t necessarily stretch far when it matters most.Trending Now: I Asked ChatGPT When I’ll Be Able To Retire Based on My Current Finances — Here’s What It SaidFor You: 6 Hybrid Vehicles To Stay Away From in RetirementA study from RealWorldInvestor.com looked at how wide the gap really is. Someone with $8,000 in savings (the median U.S. bank balance according to according to the latest Survey of Consumer Finances data) who adds $100 each month will end up with just $57,629.53 after 20 years, assuming a 4.4% annual return.That’s against a retirement target of $1.25 million, the amount needed to cover 25 years of expenses at $50,000 a year. The shortfall? A massive $1,192,370.47. Even bumping contributions to $500 per month still leaves the final balance at just $211,122.92, a long way from financial freedom.Here are six strategies that can make a meaningful difference over time.See Next: 4 Ways Trump’s ‘Big Beautiful Bill’ Will Change How You Plan for RetirementSome expenses, like unused subscriptions or overpriced delivery habits, are an obvious place to start when it comes to adding to monthly savings.  Being able to redirect even $50 to $100 a month into savings can be an immediate win and doesn’t have to be too painful.Waiting for a raise or a milestone to start saving more is a luxury most can’t afford. Even a $25 increase now beats a $100 increase five years from now. Whether boosting automatic payroll deductions or increasing personal retirement account contributions, it’s important to revisit savings annually and raise the amount steadily.Tax-advantaged accounts like 401(k)s, Roth IRAs and traditional IRAs offer valuable benefits in the run-up to retirement. Pre-tax growth, compound interest and employer matching can help retirement savings grow faster, with the average 401(k) match in 2025 between 4% and 6% of compensation, according to Vanguard.Holding everything in cash may feel safe, but it often falls short of keeping up with inflation. Compound growth requires time and some risk tolerance. Building a diversified portfolio focused on long-term growth is one of the most effective ways to help savings grow enough to meet real retirement goals.While it might not be a popular choice, delaying retirement even by a few years can make a meaningful difference. It gives investments more time to grow, adds more contributions and shortens the number of years savings need to last.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,378.62 +7.76 (+0.12%)Dow 3044,609.99 -23.00 (-0.05%)Nasdaq21,169.61 +71.32 (+0.34%)Russell 20002,259.94 +16.98 (+0.76%)VIX15.84 -0.14 (-0.88%)Gold3,298.40 -25.60 (-0.77%)PortfolioSign in to access your portfolioSign inTop gainersPIII P3 Health Partners Inc. 7.50 +1.70 (+29.31%)WING Wingstop Inc. 360.29 +69.99 (+24.11%)FSS Federal Signal Corporation 127.36 +22.50 (+21.46%)FTAI FTAI Aviation Ltd. 137.80 +23.66 (+20.73%)HOG Harley-Davidson, Inc. 27.01 +4.06 (+17.69%)Top losersSLGN Silgan Holdings Inc. 46.41 -9.40 (-16.84%)CAR Avis Budget Group, Inc. 172.05 -31.83 (-15.61%)NEGG Newegg Commerce, Inc. 48.60 -7.59 (-13.51%)CHKP Check Point Software Technologies Ltd. 192.32 -26.01 (-11.91%)TKR The Timken Company 72.95 -8.03 (-9.92%)Most activeSOFI SoFi Technologies, Inc. 21.68 -0.72 (-3.23%)NVDA NVIDIA Corporation 178.62 +3.11 (+1.77%)QS QuantumScape Corporation 8.54 -0.74 (-8.03%)NVO Novo Nordisk A/S 50.10 -3.84 (-7.12%)LCID Lucid Group, Inc. 2.5150 -0.0450 (-1.76%)Earnings eventsTrending tickersPANW Palo Alto Networks, Inc. 183.51 -10.33 (-5.33%)MRVL Marvell Technology, Inc. 83.56 +7.22 (+9.46%)VRT Vertiv Holdings Co 145.22 +2.52 (+1.77%)MO Altria Group, Inc. 60.87 +1.51 (+2.54%)KHC The Kraft Heinz Company 28.71 +0.15 (+0.53%)Top economic events