If you want to be a multi-millionaire, start putting your money to work today. Ultimately, when you start saving outweighs how much you save, thanks to compound interest.
To show just how advantageous it is to start saving and investing early on, personal finance site NerdWallet created a chart showing the percentage of each twice-a-month paycheck you'd need to set aside to have $2 million saved by the time you're 67, assuming two different starting points: age 22 and age 30.
The chart assumes you start with zero dollars invested. It also assumes a six percent average annual investment return and various annual salaries.
"The 22-year-old has just an eight-year head start on the 30-year-old, but that makes a huge difference in how much is needed to save each paycheck to build $2 million dollars," Arielle O'Shea, investing and retirement specialist at NerdWallet, tells CNBC Make It. "In some cases, a 10 percent or 15 percent difference.
"This is why starting to save early pays off."
Check out the chart for yourself. Scroll over the bars to see the exact numbers: