Save now or save later?

Time is an important factor when you're saving for the future events–like retirement. When you start earlier, earnings have more time to compound–that is, earn money on previous investment earnings. If you start saving now you will need to save considerably less than if you wait a few years. Use this calculator to determine how much extra you will need to save if you wait.
Savings
Current age 
Age when funds are needed 
Future amount needed ($) 
Assumptions
Before-tax return (%)help
Marginal tax bracket (%)help
This calculator can be a helpful starting point for you to approximate answers to specific financial questions. It may help you analyze your financial strategy. It is not a substitute for financial planning advice and we recommend that you consult your financial advisor for a complete analysis.

It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. These are hypothetical examples for illustrative purposes only, and may not be used to project or predict results.

Securian Financial Group, Inc.
www.securian.com

Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues. Securities offered through Securian Financial Services, Inc. Member FINRA/SIPC.
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