ComputeResults

Cost of Waiting

No matter how you save for retirement, one rule always applies: the earlier the better. Because of the power of compounding, you have the potential to build up a significantly larger nest egg if you start saving early. In fact, waiting can result in having to come up with a much bigger annual contribution to help reach your retirement savings goal.

How much bigger? Fill in the information below, then click Submit, to find out how much more you may need to contribute each year to reach your retirement goal if you wait to begin saving.



What is your retirement savings goal?

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In approximately how many years do you expect to retire?

Which annual rate of return do you expect to earn on your investments?
  

Calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. MassMutual will assume no liability for the use of or reliance on these calculators.