Given the following information:

How much will Sarah need to save per month to reach her goal? AND how much will Sarah need to save per month to reach her goal if she waits 5 years before saving? ...

Savings Assumptions Current age (1 to 120) Age when funds are needed (1 to 120) Before-tax return (-12% to 1296) Marginal tax bracket (096 to 7596) 21 35 55 8% 25% Future amount needed ($) 10,000 Calculate Results By waiting 5 year(s) to begin saving annually for your $10,000 goal, it will cost you an additional $719