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Don't Delay Your Savings

Waiting to begin your savings plan can have a huge impact on your results. A delay of even a few years could cost you thousands of dollars. This calculator helps show you how much postponing your savings plan can really cost.

Don't Delay Your Savings!

Postponing your savings YEARS_TO_WAIT MSG_YEARS_TO_WAIT could cost you COST_OF_WAITING.

If you start your savings plan now you could have START_NOW in savings after YEARS MSG_YEARS. Postponing YEARS_TO_WAIT MSG_YEARS_TO_WAIT would give you START_LATER. To get the same savings balance with a YEARS_TO_WAIT year delay, you would need to save REQUIRED_CONTRIBUTION DEPOSIT_FREQUENCY instead of ADDITIONAL_CONTRIBUTIONS DEPOSIT_FREQUENCY.

**GRAPH**

Results Summary
  Start Now Start Later
Starting amount STARTING_AMOUNT STARTING_AMOUNT
Savings plan Save ADDITIONAL_CONTRIBUTIONS DEPOSIT_FREQUENCY for YEARS MSG_YEARS. Postpone saving for YEARS_TO_WAIT MSG_YEARS_TO_WAIT then save ADDITIONAL_CONTRIBUTIONS DEPOSIT_FREQUENCY for YEARS_REMAINING MSG_YEARS_REMAINING.
Rate of return RATE_OF_RETURN RATE_OF_RETURN
Ending balances START_NOW START_LATER
Cost of waiting COST_OF_WAITING  

Savings balances by year

**REPEATING GROUP**






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Definitions

Starting amount
The starting balance or current amount you have invested or saved. For this calculator, we assume your current savings is earning your annual rate of return whether you decide to delay your new contributions or not. For example, if you have a current balance of $1000 and never make any new contributions, your delayed and non-delayed results will be the same.

Additional contributions
The amount that you plan on adding to your savings or investment each period. The options include monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period.

Years
The total number of years you are planning to save or invest.

Rate of return
The annual rate of return for this investment or savings account. The actual rate of return is largely dependent on the type of investments you select. From January 1970 to December 2007, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.4% per year (source: www.standardandpoors.com). During this period, the highest 12-month return was 61%, and the lowest was -39%. Savings accounts at a bank may pay as little as 1% or less.

It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.

Years to wait
The number of years you might wait before you begin saving. We will then delay your new contributions for that number of years.

Cost of waiting
The difference in your savings or investment balance between your delayed and non-delayed plans.

Required contribution
If you wait to start saving, this is the amount you would need to contribute each period to achieve the same result as starting your savings plan immediately.



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