Assumption:1. Both Prospect A and B are age 30, they want to save for their retirement by the age of 55.
2. Prospect A saves 10 years with payment amount of RM6,000 with 8% interest.
3. Prospect B delays his saving 5 years later. He pays continuously until the age of 55 with the same payment amount and interest as Prospect A.
Conclusion:
1. Prospect A gets RM297,780.80 by the age of 55.
2. Prospect B is Postponing 5 years and he would get RM296.537.53 by the age of 55.
3.To get around the same savings balance with a 5 years delay, Prospect B would need to save 20 years instead 10 years. The amount invested of prospect A is RM60,000 and the Prospect B is RM120,000. The amount Invested of Prospect B is DOUBLED in comparison to Prospect A.
Click to enlarge the picture 
Click to enlarge the picture Start your saving now, don't wait. ;)
Sincerely from
Tan Min Chin, CH3
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