See how much you could save for your retirement if you start now, and how much it could cost you to wait one year.
If you start investing in your retirement now, you can maximize the power of compound interest in your favor. Waiting a year means your retirement account will have one year less to grow before you are 65. You will lose the advantage of that additional year of growth, when the power of compounding would have been the greatest.
* Assumptions: Consistent contributions to specified retirement age; contributions and compounding calculated monthly; account value increases at 6% average annual rate. See note below.
This calculator is for educational purposes only. The hypothetical 6% annual growth rate is for illustrative purposes only and does not represent pas or future performance of any specific investment. This calculator should not be the only basis for making financial decisions.