Same $1,000 a month, same thirty years. At 7% you end with $1,169,453; at 8%, $1,408,551. A single point of return, or of fees you don't pay, is worth almost a quarter of a million over a working life.
See 8% year by yearOne percent
One percent more. $239,000 more.
The 4% rule, tested on 59 start years.
Ten years of waiting costs $651,000.
In year 11, your money starts out-earning you.