The money you save today has the greatest potential to grow and to weather the market’s
ups and downs. The chart below shows how putting off investing for five years, or even
one year, could cost you thousands of dollars.
The Cost of Procastination
[ The chart assumes and 8% annual rate of return and the cost of waiting for a 30 year old] |
 |
| Starting Age |
|
Invested Per Year |
|
Total Value at Age 65 |
|
| 30 |
|
$5,000 |
|
$930,511 |
|
| 31 |
|
$5,000 |
|
$856,584 |
|
| 35 |
|
$5,000 |
|
$611,729 |
|
| 40 |
|
$5,000 |
|
$394,772 |
|
| Cost of wating One year: |
| $73,927 |
|
| Cost of wating Five years: |
| $318,782 |
|
| Cost of wating Ten years: |
| $535,731 |
| There is a 10% federal penalty on certain withdrawals prior to age 59½ |
*This chart is for illustrative purposes only and is not representative of performance for any particular investment fund. This chart is for a selected time period and does not assume taxes or possible penalties that would be applicable upon withdrawal. The value of an actual investment and rate of return will vary.
Mutual funds are subject to risks and may fluctuate in value.
|
