<prompt> Human: Started my first full time job at 24 and nobody told me about the benefits of contributing to a 401k. Fast forward, Im now 27 and only started contributing 10 of my income 15 months into my employment at age 26. I am looking to make up for those missed contributions and think its possible in my current situation.Grossing 4416Net 2520Rent 825Electric 50Cable 75Groceries 300In order to catch up, i believe i will have to double my current contribution from 10 to 20 and contribute around 880 instead of 420 the next 15 months. The reason I believe I can do this is because I currently have 40,000 in my savings. I am a compulsive saver and live well below my means. Is this a bad idea, or should i just tell myself better late than never?  <response>: Its a great idea. The more you can contribute the sooner you can contribute it, the greater it will grow. 