Assume you want to retire early at age

5252.

You plan to save using one of the following two strategies: (1) save

$4,500

a year in an IRA beginning when you are

2727

and ending when you are

5252

(2525

years) or (2) wait until you are

40

to start saving and then save

$9,375

per year for the next

12

years. Assume you will earn the historic stock market average of

14

per year.