When do you want to retire? Use this to determine how many years you will be investing. (65 years old is a good retirement-age estimate). You need to say how old you are if you are retiring when you are 65 or tell me how long until you retire. = I plan to retire at 65, right now I am 38 years old it's going to take me 27 years for retirement

E). Determine how much you will have at retirement using the values you decided upon above.

F) How much of that is interest?

G) Now let's say you wait just 5 years before you start saving for retirement, how much will that cost you in interest? How about 10 years? How about just 1 year?

5 years (saving only 35 years)

10 years (saving only 30 years)

1 year (saving only 39 years)