Let’s be real, many people in their 20s don’t have “saving for retirement” at the top of the to-do list.

Trying to make ends meet with the current economic climate is probably first and foremost on your mind. Paying down debt is No. 1 on most people’s financial health checklist. But what if I told you that putting off saving for retirement for just one year could cost you over $32,000? And that’s a conservative estimate. 

Start off by setting aside just $1,500 a year. You'd be hard-pressed to find a more compelling reason to start saving yesterday than this infographic

As you can see, the magic of compounding interest means we are way better off if we start saving now, even if it’s just a small amount monthly. Now I’m not a math major, but I can see what a huge difference it makes to start sooner rather than later.

Bottom line ladies and gents: Starting at 25 is way better than waiting until you’re 35. If you’re already past that, the point is to start saving as soon as possible. Ask your credit union what your options are if your place of employment doesn’t offer retirement benefits. Your future self will thank you.