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Calculator: Save Now vs. Later

By June 3, 2017April 27th, 2021Calculator

A penny saved is a penny earned, but a penny invested today is a penny potentially 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 may 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.

This is information is intended for educational purposes only and is not intended to be investment advice. All investing involves risk. Please speak to your advisor about your personal situation.