Retirement savers who start earlier, rather than later, enjoy plenty of advantages. The most overwhelming reason to begin saving as soon as you can is that you put your money to work for you as soon as possible. The money your savings will earn this year will continue to grow next year and for many years in the future. It is this cumulative effect of saving over time that makes today’s $1,000 contribution to your retirement plan a lot more valuable than the $1,000 you might sock away the day before you leave your last job.
