I have been saved.
I am being saved.
I will be saved.
Salvation is the objective thing that happened two thousand years ago when our Lord suffered, died, and rose again. We received that salvation, and Christ's work is appropriated to us, through Word and Sacrament, by which God gives us faith, so that the preaching of the Gospel brings faith (Romans 10:17), and through faith we are justified. Thus we can speak of Objective Justification, the objective work of Christ for the whole world, by which all have been justified (Romans 5:18) and Subjective Justification, that is, how I as an individual receive and benefit of that work, which is by grace alone through faith, this is the gift of God apart from ourselves, not by works (Romans 5:1-2, Ephesians 2:8-9).
We are also being saved, present tense. Salvation is the ongoing work of God in our lives. St. Paul speaks of our "working out our salvation with fear and trembling" (Philippians 2:12), this is not about our justification, but our sanctification, our living out our faith in this life in humble obedience to God in love. It is about God's faithful promise that the work He began He will continue in us until the day the Lord Jesus returns, "He who began a good work in you will continue that good work until the Day of the Lord Jesus" (Philippians 1:6) as we are being conformed to the image of Christ (Romans 8:9).
And we will be saved, on the Last Day. The good work began in us, continued, will be completed, when we are raised up from the dead, and glorified, the "redemption of our bodies" (Romans 8:23), as we look forward in hope of God's promise that "If the Spirit of Him who raised Jesus from the dead dwells in you, He who raised Christ Jesus from the dead will also give life to your mortal bodies through His Spirit who dwells in you." (Romans 8:11), which is why the author of Hebrews says that Christ shall appear a second time to "save those who eagerly await Him" (Hebrews 9:28).
We have been saved.
We are being saved.
We will be saved.
-CryptoLutheran