COST OF DELAY
Maintaining your standard of living in the future is likely to be a key element of your financial planning. However, delaying the saving process can have a dramatic effect. The longer you delay
starting to save, the more you must save to reach your objective. The chart below illustrates this point an assumed net growth of 9% per year.
The graph below shows the monthly investment level required in order to generate USD 1 million by the age of 55. (Considering a net return of 9% p.a.)
Source: “Friends Provident International”
THE MESSAGE IS SIMPLE. . .
THE SOONER YOU START SAVING THE BETTER
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