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Assume you can earn 9% per year on your investments. If you invest $100,000 for retirement at age 30, how much will you have 35

Assume you can earn 9% per year on your investments.

If you invest $100,000 for retirement at age 30, how much will you have 35 years later for retirement? (Answer: $2,041,397)

If you wait until age 40 to invest the $100,000, how much will you have 25 years later for retirement? (Answer: $862,308)

Why is the difference so large?

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