WEBVTT NOTE This file was exported by MacCaption version 8.1.01 to comply with the WebVTT specification dated March 27, 2017. 00:00:01.368 --> 00:00:02.936 The high cost of waiting. 00:00:04.304 --> 00:00:06.940 Want to save $1 million by age 65? 00:00:07.574 --> 00:00:09.276 You'd better get started soon. 00:00:09.409 --> 00:00:10.644 The longer you wait, 00:00:10.711 --> 00:00:12.512 the more you'll have to put away each month 00:00:12.579 --> 00:00:14.348 to reach your retirement goals. 00:00:14.414 --> 00:00:15.949 25 years old? 00:00:16.016 --> 00:00:18.385 You have to put away $213 a month 00:00:18.452 --> 00:00:19.920 to reach $1 million. 00:00:20.554 --> 00:00:21.889 Start at age 35, 00:00:22.089 --> 00:00:25.492 and you're putting away $543 a month to reach your goal. 00:00:25.959 --> 00:00:27.327 Begin at age 45 00:00:27.694 --> 00:00:31.298 and you'd have to put away $1,487 a month. 00:00:31.999 --> 00:00:33.300 Wait until age 55 00:00:33.767 --> 00:00:37.838 and you're putting away a hefty $5,130 a month. 00:00:38.639 --> 00:00:40.707 Wait until the last minute, age 60, 00:00:41.008 --> 00:00:44.878 and you'd have to stash $13,160 a month 00:00:44.945 --> 00:00:47.314 to reach $1 million by age 65. 00:00:48.081 --> 00:00:49.783 So, the sooner you start saving, 00:00:50.183 --> 00:00:52.452 the fewer dollars you'll have to put away each month 00:00:52.519 --> 00:00:54.288 to reach your retirement goals. 00:00:54.655 --> 00:00:56.657 Don't pay the high cost of waiting.