The Importance of Saving

Just came across this graph from Vanguard that clearly illustrates how much more important it is to save than get high returns. 

source: https://advisors.vanguard.com/iwe/pdf/FASIPD.pdf

source: https://advisors.vanguard.com/iwe/pdf/FASIPD.pdf

To summarize, your savings rate is a lot more determinative of your future wealth than your rate of return. You'll likely be wealthier if your save a lot with low performance than if you save a little but get great returns. Of course, a high savings rate and a high portfolio return would be best, but certainly do not count on returns to make up for a lack of saving.