Originally Posted by MyAngels:
If you were to start saving just $50 per month in a tax deferred account now, and saved for 40 years, you would have a projected $174,550 at the end. Compare that to saving that same $50 per month for 30 years and you would have a projected $74,517. This is assuming an annual rate of return of 8%, but you get the idea.
Geez, I feel like an old lady (I am) saying this - Start saving now youngun' 
I plan on starting soon but these financial terms go way over my head. I need to find someone that knows what they are doing to help me out.