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Does it make much of a difference whether you start early in saving
for retirement?
Try some numbers and see for yourself!
(Scroll down to see the rest of the page.)
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| Examples: |
Click these two buttons to see the difference. |
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Display an example of an early investor. |
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Display an example of a late investor. |
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| Practice: |
Choose numbers in the six menus and watch the numbers in
the three boxes change. |
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How much money will you earn each year? |
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What percent of your earnings will you deposit into
retirement savings? |
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What percent interest will you gain on your investment
each year? |
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At what age will you start making deposits? |
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How many years will you make deposits? |
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At what age will you retire? |
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This is your annual savings. |
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This is the total amount you will deposit. |
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This is how much money you will have when you retire. |
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(For simplicity, numbers are rounded to the nearest 1000.) |
