Suppose you are graduating from MU in the summer at age $22$ and plan to retire at age $68.$

You intend to invest $$6,000$ on an annual basis into a Roth IRA.

Assume an annual return of $7\%.$

Questions:

You will have this amount at retirement if you begin investing at age $22?$

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$2.$ Use $$what if $$ to see what happens if you delay the start of your investing by $1,2,3$ or more years...

If you delay for $5$ years, you will only accumulate this amount by age $68?$

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If you delay for $15$ years, you will only accumulate this amount by age $68?$

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If you delay for $25$ years, you will only accumulate this amount by age $68?$

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