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 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.