Save now vs. save later

A penny saved is a penny earned, but a penny saved today is a penny earning more. It is never too soon to begin taking advantage of compounding interest, so if you start saving now you will need to save considerably less than if you wait a few years. Use this calculator to determine how much extra you will need to save if you wait.
Savings
Current age 
Age when funds are needed 
Future amount needed ($) 
Assumptions
Before-tax return (%)help
Marginal tax bracket (%)help
Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only not indicative of a particular product, and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon when coordinated with individual advice from qualified professionals.

National Life Group is a trade name of National Life Insurance Company and its affiliates.

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