A Story of Two Savers

This is a story of two teachers Jack and Jill.  In Jack's younger years he decided to spend more money and put off saving until he turned 37. He thought of his family and future, and saved every year until he retired at 70.  In Jill's younger years, saved immediately, but after 15 years she stopped and never saved again. Jill saved 15 years and Jack saved 33... who do you think had more at retirement?

static retirement image

*This chart is to demonstrate the effects of compound interest. This is not a prediction of any individuals investment performance. 

** This graph assumes a fixed 7% interest rate and  a yearly investment of $3,000 

See for yourself:

Plug in estimated values to see the tradeoff between saving earlier vs. later

This is graph is for demonstrational purposes only and is not to be used to predict the investment performance of any given asset or individual. *This chart is to demonstrate the effects of compound interest.