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At age 50, the time until retirement shortens to just 15 years, necessitating more considerate investment strategies. Investing even €500 monthly could generate a savings windfall of around €186,000, which still offers opportunities for a more secure retirement than having no investment at all.
Age 60 and Beyond: The Final Push
Investing at 60 presents additional challenges due to the shorter investment timeline, which may yield lower returns. However, even modest amounts placed into investments can protect against inflation and offer a healthier financial outlook. If one has existing savings, the potential investment return can contribute meaningfully to retirement funds.