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Postponing your savings 3 years could cost you $79,348 If you start your savings plan now you could have $288,308 in savings after 15 years. Postponing 3 years would give you $208,960. To get the same savings balance with a 3 year delay, you would need to save $1,380 per month instead of $1,000 per month. 
| Summary | | | Start Now | Start Later | | Starting amount | $0 | $0 | | Savings plan | Save $1,000 per month for 15 years. | Postpone saving for 3 years then save $1,000 per month for 12 years. | | Rate of return | 6.00% | 6.00% | | Ending balances | $288,308 | $208,960 | | Cost of waiting | $79,348 | | Savings balances by year
| | Start Savings Now | Postpone Saving 3 Years | | Year | Additions | Interest | Balance | Additions | Interest | Balance | | | | | $0.00 | | | $0.00 | | 1 | $12,000.00 | $386.53 | $12,386.53 | $0.00 | $0.00 | $0.00 | | 2 | $12,000.00 | $1,129.72 | $25,516.25 | $0.00 | $0.00 | $0.00 | | 3 | $12,000.00 | $1,917.52 | $39,433.77 | $0.00 | $0.00 | $0.00 | | 4 | $12,000.00 | $2,752.56 | $54,186.33 | $12,000.00 | $386.53 | $12,386.53 | | 5 | $12,000.00 | $3,637.70 | $69,824.03 | $12,000.00 | $1,129.72 | $25,516.25 | | 6 | $12,000.00 | $4,575.97 | $86,400.00 | $12,000.00 | $1,917.52 | $39,433.77 | | 7 | $12,000.00 | $5,570.52 | $103,970.52 | $12,000.00 | $2,752.56 | $54,186.33 | | 8 | $12,000.00 | $6,624.75 | $122,595.27 | $12,000.00 | $3,637.70 | $69,824.03 | | 9 | $12,000.00 | $7,742.26 | $142,337.53 | $12,000.00 | $4,575.97 | $86,400.00 | | 10 | $12,000.00 | $8,926.78 | $163,264.31 | $12,000.00 | $5,570.52 | $103,970.52 | | 11 | $12,000.00 | $10,182.38 | $185,446.69 | $12,000.00 | $6,624.75 | $122,595.27 | | 12 | $12,000.00 | $11,513.33 | $208,960.02 | $12,000.00 | $7,742.26 | $142,337.53 | | 13 | $12,000.00 | $12,924.12 | $233,884.14 | $12,000.00 | $8,926.78 | $163,264.31 | | 14 | $12,000.00 | $14,419.56 | $260,303.70 | $12,000.00 | $10,182.38 | $185,446.69 | | 15 | $12,000.00 | $16,004.76 | $288,308.46 | $12,000.00 | $11,513.33 | $208,960.02 |
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