There are many ways to use the 3 saving plan scenarios below to analyze the difference of save now, save late and double your savings but start very late
SAVE NOW 1st - 10th Year
Age 60 4,670,460.65 259% > SAVE LATE 1,800,664.76
336% > SAVE VERY LATE 1,388,468.43
SAVE LATE 11th - 20th Year
Age 60 1,800,664.76
SAVE VERY LATE 21st - 30th Year
| Age 60 1,388,468.43 |
Even if you double your annual saving on the 21st - 30th year of your saving plan, your saving fund will still be less than a person who can save early.
Below is the detailed annual saving plan for the three saving scenarios
SAVE NOW 1st - 10th Year
| Age | No. of yrs | 36,000.00 | Estimated | Amount 1st- 10th yr Save + Interest |
| saving | Annual saving | Annual Interest | Amount 11th- 31st yr Amount + Interest | |
| 1st -10th yr | 10% | |||
| 30 | 1 | 36,000.00 | 3,600.00 | 39,600.00 |
| 31 | 2 | 75,600.00 | 7,560.00 | 83,160.00 |
| 32 | 3 | 119,160.00 | 11,916.00 | 131,076.00 |
| 33 | 4 | 167,076.00 | 16,707.60 | 183,783.60 |
| 34 | 5 | 219,783.60 | 21,978.36 | 241,761.96 |
| 35 | 6 | 277,761.96 | 27,776.20 | 305,538.16 |
| 36 | 7 | 341,538.16 | 34,153.82 | 375,691.97 |
| 37 | 8 | 411,691.97 | 41,169.20 | 452,861.17 |
| 38 | 9 | 488,861.17 | 48,886.12 | 537,747.29 |
| 39 | 10 | 573,747.29 | 57,374.73 | 631,122.01 |
| 40 | 11 | 631,122.01 | 63,112.20 | 694,234.22 |
| 41 | 12 | 694,234.22 | 69,423.42 | 763,657.64 |
| 42 | 13 | 763,657.64 | 76,365.76 | 840,023.40 |
| 43 | 14 | 840,023.40 | 84,002.34 | 924,025.74 |
| 44 | 15 | 924,025.74 | 92,402.57 | 1,016,428.32 |
| 45 | 16 | 1,016,428.32 | 101,642.83 | 1,118,071.15 |
| 46 | 17 | 1,118,071.15 | 111,807.11 | 1,229,878.26 |
| 47 | 18 | 1,229,878.26 | 122,987.83 | 1,352,866.09 |
| 48 | 19 | 1,352,866.09 | 135,286.61 | 1,488,152.70 |
| 49 | 20 | 1,488,152.70 | 148,815.27 | 1,636,967.97 |
| 50 | 21 | 1,636,967.97 | 163,696.80 | 1,800,664.76 |
| 51 | 22 | 1,800,664.76 | 180,066.48 | 1,980,731.24 |
| 52 | 23 | 1,980,731.24 | 198,073.12 | 2,178,804.36 |
| 53 | 24 | 2,178,804.36 | 217,880.44 | 2,396,684.80 |
| 54 | 25 | 2,396,684.80 | 239,668.48 | 2,636,353.28 |
| 55 | 26 | 2,636,353.28 | 263,635.33 | 2,899,988.61 |
| 56 | 27 | 2,899,988.61 | 289,998.86 | 3,189,987.47 |
| 57 | 28 | 3,189,987.47 | 318,998.75 | 3,508,986.21 |
| 58 | 29 | 3,508,986.21 | 350,898.62 | 3,859,884.84 |
| 59 | 30 | 3,859,884.84 | 385,988.48 | 4,245,873.32 |
| 60 | 31 | 4,245,873.32 | 424,587.33 | 4,670,460.65 |
SAVE LATE 11th - 20th Year
| Age | No. of yrs | 36,000.00 | Estimated | Amount 1st- 10th yr Zero Savings |
| saving | Annual saving | Annual Interest | Amount 11st- 20th yr Savings + Int | |
| 11th -20th yr | 10% | Amount 21st- 31st yr AMount + Int | ||
| 30 | 1 | - | - | |
| 31 | 2 | - | - | |
| 32 | 3 | - | - | |
| 33 | 4 | - | - | |
| 34 | 5 | - | - | |
| 35 | 6 | - | - | |
| 36 | 7 | - | - | |
| 37 | 8 | - | - | |
| 38 | 9 | - | - | |
| 39 | 10 | - | - | |
| 40 | 11 | 36,000.00 | 3,600.00 | 39,600.00 |
| 41 | 12 | 75,600.00 | 7,560.00 | 83,160.00 |
| 42 | 13 | 119,160.00 | 11,916.00 | 131,076.00 |
| 43 | 14 | 167,076.00 | 16,707.60 | 183,783.60 |
| 44 | 15 | 219,783.60 | 21,978.36 | 241,761.96 |
| 45 | 16 | 277,761.96 | 27,776.20 | 305,538.16 |
| 46 | 17 | 341,538.16 | 34,153.82 | 375,691.97 |
| 47 | 18 | 411,691.97 | 41,169.20 | 452,861.17 |
| 48 | 19 | 488,861.17 | 48,886.12 | 537,747.29 |
| 49 | 20 | 573,747.29 | 57,374.73 | 631,122.01 |
| 50 | 21 | 631,122.01 | 63,112.20 | 694,234.22 |
| 51 | 22 | 694,234.22 | 69,423.42 | 763,657.64 |
| 52 | 23 | 763,657.64 | 76,365.76 | 840,023.40 |
| 53 | 24 | 840,023.40 | 84,002.34 | 924,025.74 |
| 54 | 25 | 924,025.74 | 92,402.57 | 1,016,428.32 |
| 55 | 26 | 1,016,428.32 | 101,642.83 | 1,118,071.15 |
| 56 | 27 | 1,118,071.15 | 111,807.11 | 1,229,878.26 |
| 57 | 28 | 1,229,878.26 | 122,987.83 | 1,352,866.09 |
| 58 | 29 | 1,352,866.09 | 135,286.61 | 1,488,152.70 |
| 59 | 30 | 1,488,152.70 | 148,815.27 | 1,636,967.97 |
| 60 | 31 | 1,636,967.97 | 163,696.80 | 1,800,664.76 |
SAVE VERY LATE 21st - 30th Year
| Age | No. of yrs | 72,000.00 | Estimated | Amount 1st- 10th yr Zero Savings |
| saving | Annual Saving | Annual Interest | Amount 11th- 20th yr Zero Savings | |
| 21st -30th yr | 10% | Amount 21st- 30th yr Double Savings + Int | ||
| Amount 31st yr Amount + Int | ||||
| 30 | 1 | - | - | |
| 31 | 2 | - | - | |
| 32 | 3 | - | - | |
| 33 | 4 | - | - | |
| 34 | 5 | - | - | |
| 35 | 6 | - | - | |
| 36 | 7 | - | - | |
| 37 | 8 | - | - | |
| 38 | 9 | - | - | |
| 39 | 10 | - | - | |
| 40 | 11 | - | - | |
| 41 | 12 | - | - | |
| 42 | 13 | - | - | |
| 43 | 14 | - | - | |
| 44 | 15 | - | - | |
| 45 | 16 | - | - | |
| 46 | 17 | - | - | |
| 47 | 18 | - | - | |
| 48 | 19 | - | - | |
| 49 | 20 | - | - | |
| 50 | 21 | 72,000.00 | 7,200.00 | 79,200.00 |
| 51 | 22 | 151,200.00 | 15,120.00 | 166,320.00 |
| 52 | 23 | 238,320.00 | 23,832.00 | 262,152.00 |
| 53 | 24 | 334,152.00 | 33,415.20 | 367,567.20 |
| 54 | 25 | 439,567.20 | 43,956.72 | 483,523.92 |
| 55 | 26 | 555,523.92 | 55,552.39 | 611,076.31 |
| 56 | 27 | 683,076.31 | 68,307.63 | 751,383.94 |
| 57 | 28 | 823,383.94 | 82,338.39 | 905,722.34 |
| 58 | 29 | 977,722.34 | 97,772.23 | 1,075,494.57 |
| 59 | 30 | 1,147,494.57 | 114,749.46 | 1,262,244.03 |
| 60 | 31 | 1,262,244.03 | 126,224.40 | 1,388,468.43 |
