Save now vs. save later

A penny saved is a penny earned, but a penny saved today is a penny earning more. It is important to start saving as soon as possible for events such as retirement due to the impact of compounding. 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
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