+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This Graphic Will Forever Change How You Think Of Retirement

May 13, 2014, 02:13 IST

When visualizing your future, you probably see a lifetime of professional and personal accomplishments during your working years, punctuated by a brief, gold-tinged period of retirement.

Advertisement

According to Tim Urban from Wait But Why, you're way off.

On his site, a self-described "procrastination website," he illustrates the typical American lifespan broken up by years, months, and weeks. Check it out:

Wait But Why

You might notice something interesting (besides the gap between becoming a legal adult and being legally allowed to drink alcohol): Retirement takes up a lot of space.

Advertisement

A quick glance shows that after your working years, retirement is the stage of your life in which you spend the most time - and a painstaking counting of weeks/squares reveals that the typical American spends more time retired than he does in his entire childhood, grade school, and college combined.

Why are we telling you this? Because we can't say too often - or too vehemently - that retirement savings should be a key financial priority for just about everyone. In fact, some experts estimate that $1 million might not be enough to sustain you during post-work years.

The best thing we can do to avoid years of financial angst is to start saving today: Check out this chart that shows the difference between someone who starts saving at 25 and someone who starts at 35.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article