WEBVTT 00:00:00.000 --> 00:00:01.140 align:middle line:90% [MUSIC PLAYING] 00:00:01.140 --> 00:00:04.550 align:middle line:90% The High Cost of Waiting. 00:00:04.550 --> 00:00:07.440 align:middle line:10% Want to save $1 million by age 67? 00:00:07.440 --> 00:00:09.150 align:middle line:10% You better get started soon. 00:00:09.150 --> 00:00:11.040 align:middle line:84% The longer you wait, the more you'll 00:00:11.040 --> 00:00:14.160 align:middle line:84% have to put away each month to reach your retirement goals. 00:00:14.160 --> 00:00:15.910 align:middle line:90% 27 years old? 00:00:15.910 --> 00:00:19.960 align:middle line:84% You have to put away $214 a month to reach $1 million. 00:00:19.960 --> 00:00:24.460 align:middle line:84% Start at age 37, and you're putting away $546 a month 00:00:24.460 --> 00:00:25.420 align:middle line:90% to reach your goal. 00:00:25.420 --> 00:00:31.060 align:middle line:84% Begin at age 47, and you have to put away $1,497 a month. 00:00:31.060 --> 00:00:34.030 align:middle line:10% Wait until age 57, and you're putting away 00:00:34.030 --> 00:00:37.420 align:middle line:10% a hefty $5,168 a month. 00:00:37.420 --> 00:00:40.330 align:middle line:10% Wait until the last minute, age 62, 00:00:40.330 --> 00:00:45.970 align:middle line:10% and you'd have to stash $13,258 a month to reach $1 million 00:00:45.970 --> 00:00:47.140 align:middle line:10% by age 67. 00:00:47.140 --> 00:00:49.833 align:middle line:10% So the sooner you start saving, the fewer dollars 00:00:49.833 --> 00:00:51.250 align:middle line:10% you'll have to put away each month 00:00:51.250 --> 00:00:53.110 align:middle line:10% to reach your retirement goals. 00:00:53.110 --> 00:00:55.120 align:middle line:10% Don't pay the high cost of waiting. 00:00:55.120 --> 00:00:58.470 align:middle line:10% [MUSIC PLAYING] 00:00:58.470 --> 00:01:02.000 align:middle line:90%