Is it possible to create a retirement estate of $585,000 instead of $310,000 without requiring much more to be invested every month?

Question

Quizplus · Accepted Answer

The amount of money you can accumulate for retirement depends not only on the amount you invest each month but also on the interest rate or return you earn on that investment as well as the number of years until retirement. It is possible to create a retirement estate of $585,000 instead of $310,000 by either earning a higher rate of return on your investment or having a longer timeframe until retirement to allow for compounding interest.

Is It Possible to Create a Retirement Estate of $585,000