Can You Save For Retirement?

For those with kids, grand kids, nephews, nieces, etc. (Lee, thanks for the information).

FYI: According to Bankrate.com, instead of buying a large latte each morning, save the $4, starting this at age 25 could net you over half a million by age 65.

Here is the exact text: "Let's say that, beginning at age 25, you put the equivalent of seven $4 Grande lattes a week toward retirement, setting aside $121 a month. If you invest it in a stock mutual fund with annualized returns of 9 percent, you would see $23,415 after 10 years, $80,814 after 20 years, $221,520 after 30 years and a whopping half-mil, or $566,440, when you retire at age 65. "

So,  if you were able to adjust your budget to cut out other items, such as smoking (we quit in August 2006, at a savings of at least $5 per day), or other small purchases, how easy to leverage these savings to be well in excess of $1,000,000 (typed one handed with my "pinky from the other hand at the corner of my mouth", ala Dr. Evil:o)).  The sooner you start, and the more you save each month, the easier it is to reach your goals.