WEBVTT NOTE This file was exported by MacCaption version 8.1.01 to comply with the WebVTT specification dated March 27, 2017. 00:00:00.901 --> 00:00:02.569 The high cost of waiting. 00:00:04.137 --> 00:00:06.673 Want to save $1 million by age 67? 00:00:07.241 --> 00:00:08.842 You'd better get started soon. 00:00:09.076 --> 00:00:10.277 The longer you wait, 00:00:10.344 --> 00:00:12.379 the more you'll have to put away each month 00:00:12.446 --> 00:00:14.081 to reach your retirement goals. 00:00:14.147 --> 00:00:15.649 27 years old? 00:00:15.716 --> 00:00:17.985 You have to put away $214 a month 00:00:18.018 --> 00:00:19.486 to reach $1 million. 00:00:19.786 --> 00:00:21.121 Start at age 37, 00:00:21.388 --> 00:00:24.958 and you're putting away $546 a month to reach your goal. 00:00:25.158 --> 00:00:26.860 Begin at age 47 00:00:26.927 --> 00:00:30.430 and you'd have to put away $1,497 a month. 00:00:30.797 --> 00:00:32.232 Wait until age 57 00:00:32.633 --> 00:00:36.837 and you're putting away a hefty $5,168 a month. 00:00:37.204 --> 00:00:39.606 Wait until the last minute, age 62, 00:00:40.173 --> 00:00:43.944 and you'd have to stash $13,258 a month 00:00:44.244 --> 00:00:46.613 to reach $1 million by age 67. 00:00:46.914 --> 00:00:48.916 So, the sooner you start saving, 00:00:48.982 --> 00:00:51.218 the fewer dollars you'll have to put away each month 00:00:51.285 --> 00:00:52.953 to reach your retirement goals. 00:00:53.020 --> 00:00:55.422 Don't pay the high cost of waiting.