Achieving a $2 million retirement with a $100,000 annual salary.

Saving a small percentage of your salary early on can help you prepare for retirement.

Financial advisors typically recommend saving between 10% and 15% of your income.

A case study is presented, assuming that the individual has no savings, intends to retire at 65, and their investments generate an annual return of 6%.

To retire with $2 million, you'll need to save about 12% of a $100,000 salary starting in your 20s. However, waiting until your 30s will require a larger portion of your pay, which is closer to 17%. In your 40s, you'll need to save 35% of your salary. This calculation does not take into account variables such as pay increases or decreases, employer match, inflation, or other unexpected events in life.

To determine the amount of money needed to save $2 million for retirement by a specific age, watch this video.