一个人完全可以22岁开始工作存钱存到35岁到10万然后从此再不存钱. If annual rate is 10% he will be better off than a person who start to work at age of 35 and contribute to 401k until retirement.
But for the former, if at age of 35, 401K drop by half
and then after that each year it grow by 10%. Then
that person will be equivalent to a person who
lost half at the retirement