To correctly model a lifecycle you must define the lifecycle and its phases, and then associate your tables to it.
For age-based lifecycles, you can assign data from an external database to the first phase of your lifecycle and have that data loaded to your warehouse database for the second phase (see Archiving Data From External Databases).
You can also view the detail of the cost savings by year for a single table on the Lifecyle tab of the table property sheet (see Table Properties).