When should saving start?

Plan 1: Cora begins a retirement account at age 20. She starts with $2000 and then saves $2000 per year at 7% interest compounded annually for 10 years. Then she stops contributing to the account but keeps her savings invested at the same rate.

Plan 2: Mawiyah doesn't save any money in her twenties. When she turns 30 she starts with $2000 and then saves $2000 per year at 7% interest compounded annually for 35 years.

Which one has more at age 65?

Image Credit: Flickr Tax Credits.
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