diff --git a/Cargo.toml b/Cargo.toml
index 5202faf374..02de4c4115 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1398,6 +1398,16 @@ description = "Illustrates creating custom system parameters with `SystemParam`"
 category = "ECS (Entity Component System)"
 wasm = false
 
+[[example]]
+name = "time"
+path = "examples/ecs/time.rs"
+
+[package.metadata.example.time]
+name = "Time handling"
+description = "Explains how Time is handled in ECS"
+category = "ECS (Entity Component System)"
+wasm = false
+
 [[example]]
 name = "timers"
 path = "examples/ecs/timers.rs"
diff --git a/crates/bevy_diagnostic/src/frame_time_diagnostics_plugin.rs b/crates/bevy_diagnostic/src/frame_time_diagnostics_plugin.rs
index a17a6a19d4..7d7360a3b7 100644
--- a/crates/bevy_diagnostic/src/frame_time_diagnostics_plugin.rs
+++ b/crates/bevy_diagnostic/src/frame_time_diagnostics_plugin.rs
@@ -2,7 +2,7 @@ use crate::{Diagnostic, DiagnosticId, Diagnostics, RegisterDiagnostic};
 use bevy_app::prelude::*;
 use bevy_core::FrameCount;
 use bevy_ecs::prelude::*;
-use bevy_time::Time;
+use bevy_time::{Real, Time};
 
 /// Adds "frame time" diagnostic to an App, specifically "frame time", "fps" and "frame count"
 #[derive(Default)]
@@ -30,12 +30,12 @@ impl FrameTimeDiagnosticsPlugin {
 
     pub fn diagnostic_system(
         mut diagnostics: Diagnostics,
-        time: Res<Time>,
+        time: Res<Time<Real>>,
         frame_count: Res<FrameCount>,
     ) {
         diagnostics.add_measurement(Self::FRAME_COUNT, || frame_count.0 as f64);
 
-        let delta_seconds = time.raw_delta_seconds_f64();
+        let delta_seconds = time.delta_seconds_f64();
         if delta_seconds == 0.0 {
             return;
         }
diff --git a/crates/bevy_diagnostic/src/log_diagnostics_plugin.rs b/crates/bevy_diagnostic/src/log_diagnostics_plugin.rs
index c59d128d89..b1f634363b 100644
--- a/crates/bevy_diagnostic/src/log_diagnostics_plugin.rs
+++ b/crates/bevy_diagnostic/src/log_diagnostics_plugin.rs
@@ -2,7 +2,7 @@ use super::{Diagnostic, DiagnosticId, DiagnosticsStore};
 use bevy_app::prelude::*;
 use bevy_ecs::prelude::*;
 use bevy_log::{debug, info};
-use bevy_time::{Time, Timer, TimerMode};
+use bevy_time::{Real, Time, Timer, TimerMode};
 use bevy_utils::Duration;
 
 /// An App Plugin that logs diagnostics to the console
@@ -82,10 +82,10 @@ impl LogDiagnosticsPlugin {
 
     fn log_diagnostics_system(
         mut state: ResMut<LogDiagnosticsState>,
-        time: Res<Time>,
+        time: Res<Time<Real>>,
         diagnostics: Res<DiagnosticsStore>,
     ) {
-        if state.timer.tick(time.raw_delta()).finished() {
+        if state.timer.tick(time.delta()).finished() {
             if let Some(ref filter) = state.filter {
                 for diagnostic in filter.iter().flat_map(|id| {
                     diagnostics
@@ -107,10 +107,10 @@ impl LogDiagnosticsPlugin {
 
     fn log_diagnostics_debug_system(
         mut state: ResMut<LogDiagnosticsState>,
-        time: Res<Time>,
+        time: Res<Time<Real>>,
         diagnostics: Res<DiagnosticsStore>,
     ) {
-        if state.timer.tick(time.raw_delta()).finished() {
+        if state.timer.tick(time.delta()).finished() {
             if let Some(ref filter) = state.filter {
                 for diagnostic in filter.iter().flat_map(|id| {
                     diagnostics
diff --git a/crates/bevy_gilrs/src/rumble.rs b/crates/bevy_gilrs/src/rumble.rs
index 310a80d8f7..2a1a016a2f 100644
--- a/crates/bevy_gilrs/src/rumble.rs
+++ b/crates/bevy_gilrs/src/rumble.rs
@@ -5,7 +5,7 @@ use bevy_ecs::{
 };
 use bevy_input::gamepad::{GamepadRumbleIntensity, GamepadRumbleRequest};
 use bevy_log::{debug, warn};
-use bevy_time::Time;
+use bevy_time::{Real, Time};
 use bevy_utils::{Duration, HashMap};
 use gilrs::{
     ff::{self, BaseEffect, BaseEffectType, Repeat, Replay},
@@ -120,12 +120,12 @@ fn handle_rumble_request(
     Ok(())
 }
 pub(crate) fn play_gilrs_rumble(
-    time: Res<Time>,
+    time: Res<Time<Real>>,
     mut gilrs: NonSendMut<Gilrs>,
     mut requests: EventReader<GamepadRumbleRequest>,
     mut running_rumbles: NonSendMut<RunningRumbleEffects>,
 ) {
-    let current_time = time.raw_elapsed();
+    let current_time = time.elapsed();
     // Remove outdated rumble effects.
     for rumbles in running_rumbles.rumbles.values_mut() {
         // `ff::Effect` uses RAII, dropping = deactivating
diff --git a/crates/bevy_render/src/globals.rs b/crates/bevy_render/src/globals.rs
index 3ceed24476..d337be44b9 100644
--- a/crates/bevy_render/src/globals.rs
+++ b/crates/bevy_render/src/globals.rs
@@ -39,7 +39,7 @@ fn extract_frame_count(mut commands: Commands, frame_count: Extract<Res<FrameCou
 }
 
 fn extract_time(mut commands: Commands, time: Extract<Res<Time>>) {
-    commands.insert_resource(time.clone());
+    commands.insert_resource(**time);
 }
 
 /// Contains global values useful when writing shaders.
diff --git a/crates/bevy_time/src/common_conditions.rs b/crates/bevy_time/src/common_conditions.rs
index 974de24dfa..217d7daf73 100644
--- a/crates/bevy_time/src/common_conditions.rs
+++ b/crates/bevy_time/src/common_conditions.rs
@@ -1,12 +1,10 @@
-use crate::{fixed_timestep::FixedTime, Time, Timer, TimerMode};
+use crate::{Time, Timer, TimerMode};
 use bevy_ecs::system::Res;
 use bevy_utils::Duration;
 
 /// Run condition that is active on a regular time interval, using [`Time`] to advance
 /// the timer.
 ///
-/// If used for a fixed timestep system, use [`on_fixed_timer`] instead.
-///
 /// ```rust,no_run
 /// # use bevy_app::{App, NoopPluginGroup as DefaultPlugins, PluginGroup, Update};
 /// # use bevy_ecs::schedule::IntoSystemConfigs;
@@ -40,40 +38,6 @@ pub fn on_timer(duration: Duration) -> impl FnMut(Res<Time>) -> bool + Clone {
     }
 }
 
-/// Run condition that is active on a regular time interval, using [`FixedTime`] to
-/// advance the timer.
-///
-/// If used for a non-fixed timestep system, use [`on_timer`] instead.
-///
-/// ```rust,no_run
-/// # use bevy_app::{App, NoopPluginGroup as DefaultPlugins, PluginGroup, FixedUpdate};
-/// # use bevy_ecs::schedule::IntoSystemConfigs;
-/// # use bevy_utils::Duration;
-/// # use bevy_time::common_conditions::on_fixed_timer;
-/// fn main() {
-///     App::new()
-///         .add_plugins(DefaultPlugins)
-///         .add_systems(FixedUpdate,
-///             tick.run_if(on_fixed_timer(Duration::from_secs(1))),
-///         )
-///         .run();
-/// }
-/// fn tick() {
-///     // ran once a second
-/// }
-/// ```
-///
-/// Note that this run condition may not behave as expected if `duration` is smaller
-/// than the fixed timestep period, since the timer may complete multiple times in
-/// one fixed update.
-pub fn on_fixed_timer(duration: Duration) -> impl FnMut(Res<FixedTime>) -> bool + Clone {
-    let mut timer = Timer::new(duration, TimerMode::Repeating);
-    move |time: Res<FixedTime>| {
-        timer.tick(time.period);
-        timer.just_finished()
-    }
-}
-
 #[cfg(test)]
 mod tests {
     use super::*;
@@ -85,9 +49,7 @@ mod tests {
     #[test]
     fn distributive_run_if_compiles() {
         Schedule::default().add_systems(
-            (test_system, test_system)
-                .distributive_run_if(on_timer(Duration::new(1, 0)))
-                .distributive_run_if(on_fixed_timer(Duration::new(1, 0))),
+            (test_system, test_system).distributive_run_if(on_timer(Duration::new(1, 0))),
         );
     }
 }
diff --git a/crates/bevy_time/src/fixed.rs b/crates/bevy_time/src/fixed.rs
new file mode 100644
index 0000000000..60270172aa
--- /dev/null
+++ b/crates/bevy_time/src/fixed.rs
@@ -0,0 +1,343 @@
+use bevy_ecs::world::World;
+use bevy_reflect::Reflect;
+use bevy_utils::Duration;
+
+use crate::{time::Time, virt::Virtual, FixedUpdate};
+
+/// The fixed timestep game clock following virtual time.
+///
+/// A specialization of the [`Time`] structure. **For method documentation, see
+/// [`Time<Fixed>#impl-Time<Fixed>`].**
+///     
+/// It is automatically inserted as a resource by
+/// [`TimePlugin`](crate::TimePlugin) and updated based on
+/// [`Time<Virtual>`](Virtual). The fixed clock is automatically set as the
+/// generic [`Time`] resource during [`FixedUpdate`] schedule processing.
+///
+/// The fixed timestep clock advances in fixed-size increments, which is
+/// extremely useful for writing logic (like physics) that should have
+/// consistent behavior, regardless of framerate.
+///
+/// The default [`timestep()`](Time::timestep) is 64 hertz, or 15625
+/// microseconds. This value was chosen because using 60 hertz has the potential
+/// for a pathological interaction with the monitor refresh rate where the game
+/// alternates between running two fixed timesteps and zero fixed timesteps per
+/// frame (for example when running two fixed timesteps takes longer than a
+/// frame). Additionally, the value is a power of two which losslessly converts
+/// into [`f32`] and [`f64`].
+///
+/// To run a system on a fixed timestep, add it to the [`FixedUpdate`] schedule.
+/// This schedule is run a number of times between
+/// [`PreUpdate`](bevy_app::PreUpdate) and [`Update`](bevy_app::Update)
+/// according to the accumulated [`overstep()`](Time::overstep) time divided by
+/// the [`timestep()`](Time::timestep). This means the schedule may run 0, 1 or
+/// more times during a single update (which typically corresponds to a rendered
+/// frame).
+///
+/// `Time<Fixed>` and the generic [`Time`] resource will report a
+/// [`delta()`](Time::delta) equal to [`timestep()`](Time::timestep) and always
+/// grow [`elapsed()`](Time::elapsed) by one [`timestep()`](Time::timestep) per
+/// iteration.
+///
+/// The fixed timestep clock follows the [`Time<Virtual>`](Virtual) clock, which
+/// means it is affected by [`pause()`](Time::pause),
+/// [`set_relative_speed()`](Time::set_relative_speed) and
+/// [`set_max_delta()`](Time::set_max_delta) from virtual time. If the virtual
+/// clock is paused, the [`FixedUpdate`] schedule will not run. It is guaranteed
+/// that the [`elapsed()`](Time::elapsed) time in `Time<Fixed>` is always
+/// between the previous `elapsed()` and the current `elapsed()` value in
+/// `Time<Virtual>`, so the values are compatible.
+///
+/// Changing the timestep size while the game is running should not normally be
+/// done, as having a regular interval is the point of this schedule, but it may
+/// be necessary for effects like "bullet-time" if the normal granularity of the
+/// fixed timestep is too big for the slowed down time. In this case,
+/// [`set_timestep()`](Time::set_timestep) and be called to set a new value. The
+/// new value will be used immediately for the next run of the [`FixedUpdate`]
+/// schedule, meaning that it will affect the [`delta()`](Time::delta) value for
+/// the very next [`FixedUpdate`], even if it is still during the same frame.
+/// Any [`overstep()`](Time::overstep) present in the accumulator will be
+/// processed according to the new [`timestep()`](Time::timestep) value.
+#[derive(Debug, Copy, Clone, Reflect)]
+pub struct Fixed {
+    timestep: Duration,
+    overstep: Duration,
+}
+
+impl Time<Fixed> {
+    /// Corresponds to 64 Hz.
+    const DEFAULT_TIMESTEP: Duration = Duration::from_micros(15625);
+
+    /// Return new fixed time clock with given timestep as [`Duration`]
+    ///
+    /// # Panics
+    ///
+    /// Panics if `timestep` is zero.
+    pub fn from_duration(timestep: Duration) -> Self {
+        let mut ret = Self::default();
+        ret.set_timestep(timestep);
+        ret
+    }
+
+    /// Return new fixed time clock with given timestep seconds as `f64`
+    ///
+    /// # Panics
+    ///
+    /// Panics if `seconds` is zero, negative or not finite.
+    pub fn from_seconds(seconds: f64) -> Self {
+        let mut ret = Self::default();
+        ret.set_timestep_seconds(seconds);
+        ret
+    }
+
+    /// Return new fixed time clock with given timestep frequency in Hertz (1/seconds)
+    ///
+    /// # Panics
+    ///
+    /// Panics if `hz` is zero, negative or not finite.
+    pub fn from_hz(hz: f64) -> Self {
+        let mut ret = Self::default();
+        ret.set_timestep_hz(hz);
+        ret
+    }
+
+    /// Returns the amount of virtual time that must pass before the fixed
+    /// timestep schedule is run again.
+    #[inline]
+    pub fn timestep(&self) -> Duration {
+        self.context().timestep
+    }
+
+    /// Sets the amount of virtual time that must pass before the fixed timestep
+    /// schedule is run again, as [`Duration`].
+    ///
+    /// Takes effect immediately on the next run of the schedule, respecting
+    /// what is currently in [`Self::overstep`].
+    ///
+    /// # Panics
+    ///
+    /// Panics if `timestep` is zero.
+    #[inline]
+    pub fn set_timestep(&mut self, timestep: Duration) {
+        assert_ne!(
+            timestep,
+            Duration::ZERO,
+            "attempted to set fixed timestep to zero"
+        );
+        self.context_mut().timestep = timestep;
+    }
+
+    /// Sets the amount of virtual time that must pass before the fixed timestep
+    /// schedule is run again, as seconds.
+    ///
+    /// Timestep is stored as a [`Duration`], which has fixed nanosecond
+    /// resolution and will be converted from the floating point number.
+    ///
+    /// Takes effect immediately on the next run of the schedule, respecting
+    /// what is currently in [`Self::overstep`].
+    ///
+    /// # Panics
+    ///
+    /// Panics if `seconds` is zero, negative or not finite.
+    #[inline]
+    pub fn set_timestep_seconds(&mut self, seconds: f64) {
+        assert!(
+            seconds.is_sign_positive(),
+            "seconds less than or equal to zero"
+        );
+        assert!(seconds.is_finite(), "seconds is infinite");
+        self.set_timestep(Duration::from_secs_f64(seconds));
+    }
+
+    /// Sets the amount of virtual time that must pass before the fixed timestep
+    /// schedule is run again, as frequency.
+    ///
+    /// The timestep value is set to `1 / hz`, converted to a [`Duration`] which
+    /// has fixed nanosecond resolution.
+    ///
+    /// Takes effect immediately on the next run of the schedule, respecting
+    /// what is currently in [`Self::overstep`].
+    ///
+    /// # Panics
+    ///
+    /// Panics if `hz` is zero, negative or not finite.
+    #[inline]
+    pub fn set_timestep_hz(&mut self, hz: f64) {
+        assert!(hz.is_sign_positive(), "Hz less than or equal to zero");
+        assert!(hz.is_finite(), "Hz is infinite");
+        self.set_timestep_seconds(1.0 / hz);
+    }
+
+    /// Returns the amount of overstep time accumulated toward new steps, as
+    /// [`Duration`].
+    #[inline]
+    pub fn overstep(&self) -> Duration {
+        self.context().overstep
+    }
+
+    /// Returns the amount of overstep time accumulated toward new steps, as an
+    /// [`f32`] fraction of the timestep.
+    #[inline]
+    pub fn overstep_percentage(&self) -> f32 {
+        self.context().overstep.as_secs_f32() / self.context().timestep.as_secs_f32()
+    }
+
+    /// Returns the amount of overstep time accumulated toward new steps, as an
+    /// [`f64`] fraction of the timestep.
+    #[inline]
+    pub fn overstep_percentage_f64(&self) -> f64 {
+        self.context().overstep.as_secs_f64() / self.context().timestep.as_secs_f64()
+    }
+
+    fn accumulate(&mut self, delta: Duration) {
+        self.context_mut().overstep += delta;
+    }
+
+    fn expend(&mut self) -> bool {
+        let timestep = self.timestep();
+        if let Some(new_value) = self.context_mut().overstep.checked_sub(timestep) {
+            // reduce accumulated and increase elapsed by period
+            self.context_mut().overstep = new_value;
+            self.advance_by(timestep);
+            true
+        } else {
+            // no more periods left in accumulated
+            false
+        }
+    }
+}
+
+impl Default for Fixed {
+    fn default() -> Self {
+        Self {
+            timestep: Time::<Fixed>::DEFAULT_TIMESTEP,
+            overstep: Duration::ZERO,
+        }
+    }
+}
+
+/// Runs [`FixedUpdate`] zero or more times based on delta of
+/// [`Time<Virtual>`](Virtual) and [`Time::overstep`]
+pub fn run_fixed_update_schedule(world: &mut World) {
+    let delta = world.resource::<Time<Virtual>>().delta();
+    world.resource_mut::<Time<Fixed>>().accumulate(delta);
+
+    // Run the schedule until we run out of accumulated time
+    let _ = world.try_schedule_scope(FixedUpdate, |world, schedule| {
+        while world.resource_mut::<Time<Fixed>>().expend() {
+            *world.resource_mut::<Time>() = world.resource::<Time<Fixed>>().as_generic();
+            schedule.run(world);
+        }
+    });
+
+    *world.resource_mut::<Time>() = world.resource::<Time<Virtual>>().as_generic();
+}
+
+#[cfg(test)]
+mod test {
+    use super::*;
+
+    #[test]
+    fn test_set_timestep() {
+        let mut time = Time::<Fixed>::default();
+
+        assert_eq!(time.timestep(), Time::<Fixed>::DEFAULT_TIMESTEP);
+
+        time.set_timestep(Duration::from_millis(500));
+        assert_eq!(time.timestep(), Duration::from_millis(500));
+
+        time.set_timestep_seconds(0.25);
+        assert_eq!(time.timestep(), Duration::from_millis(250));
+
+        time.set_timestep_hz(8.0);
+        assert_eq!(time.timestep(), Duration::from_millis(125));
+    }
+
+    #[test]
+    fn test_expend() {
+        let mut time = Time::<Fixed>::from_seconds(2.0);
+
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+
+        time.accumulate(Duration::from_secs(1));
+
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+        assert_eq!(time.overstep_percentage(), 0.5);
+        assert_eq!(time.overstep_percentage_f64(), 0.5);
+
+        assert!(!time.expend()); // false
+
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+        assert_eq!(time.overstep_percentage(), 0.5);
+        assert_eq!(time.overstep_percentage_f64(), 0.5);
+
+        time.accumulate(Duration::from_secs(1));
+
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+        assert_eq!(time.overstep(), Duration::from_secs(2));
+        assert_eq!(time.overstep_percentage(), 1.0);
+        assert_eq!(time.overstep_percentage_f64(), 1.0);
+
+        assert!(time.expend()); // true
+
+        assert_eq!(time.delta(), Duration::from_secs(2));
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+        assert_eq!(time.overstep(), Duration::ZERO);
+        assert_eq!(time.overstep_percentage(), 0.0);
+        assert_eq!(time.overstep_percentage_f64(), 0.0);
+
+        assert!(!time.expend()); // false
+
+        assert_eq!(time.delta(), Duration::from_secs(2));
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+        assert_eq!(time.overstep(), Duration::ZERO);
+        assert_eq!(time.overstep_percentage(), 0.0);
+        assert_eq!(time.overstep_percentage_f64(), 0.0);
+
+        time.accumulate(Duration::from_secs(1));
+
+        assert_eq!(time.delta(), Duration::from_secs(2));
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+        assert_eq!(time.overstep_percentage(), 0.5);
+        assert_eq!(time.overstep_percentage_f64(), 0.5);
+
+        assert!(!time.expend()); // false
+
+        assert_eq!(time.delta(), Duration::from_secs(2));
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+        assert_eq!(time.overstep_percentage(), 0.5);
+        assert_eq!(time.overstep_percentage_f64(), 0.5);
+    }
+
+    #[test]
+    fn test_expend_multiple() {
+        let mut time = Time::<Fixed>::from_seconds(2.0);
+
+        time.accumulate(Duration::from_secs(7));
+        assert_eq!(time.overstep(), Duration::from_secs(7));
+
+        assert!(time.expend()); // true
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+        assert_eq!(time.overstep(), Duration::from_secs(5));
+
+        assert!(time.expend()); // true
+        assert_eq!(time.elapsed(), Duration::from_secs(4));
+        assert_eq!(time.overstep(), Duration::from_secs(3));
+
+        assert!(time.expend()); // true
+        assert_eq!(time.elapsed(), Duration::from_secs(6));
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+
+        assert!(!time.expend()); // false
+        assert_eq!(time.elapsed(), Duration::from_secs(6));
+        assert_eq!(time.overstep(), Duration::from_secs(1));
+    }
+}
diff --git a/crates/bevy_time/src/fixed_timestep.rs b/crates/bevy_time/src/fixed_timestep.rs
deleted file mode 100644
index 655a19ba77..0000000000
--- a/crates/bevy_time/src/fixed_timestep.rs
+++ /dev/null
@@ -1,178 +0,0 @@
-//! Tools to run systems at a regular interval.
-//! This can be extremely useful for steady, frame-rate independent gameplay logic and physics.
-//!
-//! To run a system on a fixed timestep, add it to the [`FixedUpdate`] [`Schedule`](bevy_ecs::schedule::Schedule).
-//! This schedule is run in [`RunFixedUpdateLoop`](bevy_app::RunFixedUpdateLoop) near the start of each frame,
-//! via the [`run_fixed_update_schedule`] exclusive system.
-//!
-//! This schedule will be run a number of times each frame,
-//! equal to the accumulated divided by the period resource, rounded down,
-//! as tracked in the [`FixedTime`] resource.
-//! Unused time will be carried over.
-//!
-//! This does not guarantee that the time elapsed between executions is exact,
-//! and systems in this schedule can run 0, 1 or more times on any given frame.
-//!
-//! For example, a system with a fixed timestep run criteria of 120 times per second will run
-//! two times during a ~16.667ms frame, once during a ~8.333ms frame, and once every two frames
-//! with ~4.167ms frames. However, the same criteria may not result in exactly 8.333ms passing
-//! between each execution.
-//!
-//! When using fixed time steps, it is advised not to rely on [`Time::delta`] or any of it's
-//! variants for game simulation, but rather use the value of [`FixedTime`] instead.
-
-use crate::Time;
-use bevy_app::FixedUpdate;
-use bevy_ecs::{system::Resource, world::World};
-use bevy_utils::Duration;
-use thiserror::Error;
-
-/// The amount of time that must pass before the fixed timestep schedule is run again.
-///
-/// For more information, see the [module-level documentation](self).
-///
-/// When using bevy's default configuration, this will be updated using the [`Time`]
-/// resource. To customize how `Time` is updated each frame, see [`TimeUpdateStrategy`].
-///
-/// [`TimeUpdateStrategy`]: crate::TimeUpdateStrategy
-#[derive(Resource, Debug)]
-pub struct FixedTime {
-    accumulated: Duration,
-    /// The amount of time spanned by each fixed update.
-    /// Defaults to 1/60th of a second.
-    ///
-    /// To configure this value, simply mutate or overwrite this field.
-    pub period: Duration,
-}
-
-impl FixedTime {
-    /// Creates a new [`FixedTime`] struct with a specified period.
-    pub fn new(period: Duration) -> Self {
-        FixedTime {
-            accumulated: Duration::ZERO,
-            period,
-        }
-    }
-
-    /// Creates a new [`FixedTime`] struct with a period specified in seconds.
-    pub fn new_from_secs(period: f32) -> Self {
-        FixedTime {
-            accumulated: Duration::ZERO,
-            period: Duration::from_secs_f32(period),
-        }
-    }
-
-    /// Adds to this instance's accumulated time. `delta_time` should be the amount of in-game time
-    /// that has passed since `tick` was last called.
-    ///
-    /// Note that if you are using the default configuration of bevy, this will be called for you.
-    pub fn tick(&mut self, delta_time: Duration) {
-        self.accumulated += delta_time;
-    }
-
-    /// Returns the current amount of accumulated time.
-    ///
-    /// Approximately, this represents how far behind the fixed update schedule is from the main schedule.
-    pub fn accumulated(&self) -> Duration {
-        self.accumulated
-    }
-
-    /// Attempts to advance by a single period. This will return [`FixedUpdateError`] if there is not enough
-    /// accumulated time -- in other words, if advancing time would put the fixed update schedule
-    /// ahead of the main schedule.
-    ///
-    /// Note that if you are using the default configuration of bevy, this will be called for you.
-    pub fn expend(&mut self) -> Result<(), FixedUpdateError> {
-        if let Some(new_value) = self.accumulated.checked_sub(self.period) {
-            self.accumulated = new_value;
-            Ok(())
-        } else {
-            Err(FixedUpdateError::NotEnoughTime {
-                accumulated: self.accumulated,
-                period: self.period,
-            })
-        }
-    }
-}
-
-impl Default for FixedTime {
-    fn default() -> Self {
-        FixedTime {
-            accumulated: Duration::ZERO,
-            period: Duration::from_secs_f32(1. / 60.),
-        }
-    }
-}
-
-/// An error returned when working with [`FixedTime`].
-#[derive(Debug, Error)]
-pub enum FixedUpdateError {
-    /// There is not enough accumulated time to advance the fixed update schedule.
-    #[error("At least one period worth of time must be accumulated.")]
-    NotEnoughTime {
-        /// The amount of time available to advance the fixed update schedule.
-        accumulated: Duration,
-        /// The length of one fixed update.
-        period: Duration,
-    },
-}
-
-/// Ticks the [`FixedTime`] resource then runs the [`FixedUpdate`].
-///
-/// For more information, see the [module-level documentation](self).
-pub fn run_fixed_update_schedule(world: &mut World) {
-    // Tick the time
-    let delta_time = world.resource::<Time>().delta();
-    let mut fixed_time = world.resource_mut::<FixedTime>();
-    fixed_time.tick(delta_time);
-
-    // Run the schedule until we run out of accumulated time
-    let _ = world.try_schedule_scope(FixedUpdate, |world, schedule| {
-        while world.resource_mut::<FixedTime>().expend().is_ok() {
-            schedule.run(world);
-        }
-    });
-}
-
-#[cfg(test)]
-mod test {
-    use super::*;
-
-    #[test]
-    fn fixed_time_starts_at_zero() {
-        let new_time = FixedTime::new_from_secs(42.);
-        assert_eq!(new_time.accumulated(), Duration::ZERO);
-
-        let default_time = FixedTime::default();
-        assert_eq!(default_time.accumulated(), Duration::ZERO);
-    }
-
-    #[test]
-    fn fixed_time_ticks_up() {
-        let mut fixed_time = FixedTime::default();
-        fixed_time.tick(Duration::from_secs(1));
-        assert_eq!(fixed_time.accumulated(), Duration::from_secs(1));
-    }
-
-    #[test]
-    fn enough_accumulated_time_is_required() {
-        let mut fixed_time = FixedTime::new(Duration::from_secs(2));
-        fixed_time.tick(Duration::from_secs(1));
-        assert!(fixed_time.expend().is_err());
-        assert_eq!(fixed_time.accumulated(), Duration::from_secs(1));
-
-        fixed_time.tick(Duration::from_secs(1));
-        assert!(fixed_time.expend().is_ok());
-        assert_eq!(fixed_time.accumulated(), Duration::ZERO);
-    }
-
-    #[test]
-    fn repeatedly_expending_time() {
-        let mut fixed_time = FixedTime::new(Duration::from_secs(1));
-        fixed_time.tick(Duration::from_secs_f32(3.2));
-        assert!(fixed_time.expend().is_ok());
-        assert!(fixed_time.expend().is_ok());
-        assert!(fixed_time.expend().is_ok());
-        assert!(fixed_time.expend().is_err());
-    }
-}
diff --git a/crates/bevy_time/src/lib.rs b/crates/bevy_time/src/lib.rs
index 61b973b6c9..d5611ec58e 100644
--- a/crates/bevy_time/src/lib.rs
+++ b/crates/bevy_time/src/lib.rs
@@ -4,16 +4,20 @@
 
 /// Common run conditions
 pub mod common_conditions;
-pub mod fixed_timestep;
+mod fixed;
+mod real;
 mod stopwatch;
 #[allow(clippy::module_inception)]
 mod time;
 mod timer;
+mod virt;
 
-use fixed_timestep::FixedTime;
+pub use fixed::*;
+pub use real::*;
 pub use stopwatch::*;
 pub use time::*;
 pub use timer::*;
+pub use virt::*;
 
 use bevy_ecs::system::{Res, ResMut};
 use bevy_utils::{tracing::warn, Duration, Instant};
@@ -23,14 +27,12 @@ use crossbeam_channel::{Receiver, Sender};
 pub mod prelude {
     //! The Bevy Time Prelude.
     #[doc(hidden)]
-    pub use crate::{fixed_timestep::FixedTime, Time, Timer, TimerMode};
+    pub use crate::{Fixed, Real, Time, Timer, TimerMode, Virtual};
 }
 
 use bevy_app::{prelude::*, RunFixedUpdateLoop};
 use bevy_ecs::prelude::*;
 
-use crate::fixed_timestep::run_fixed_update_schedule;
-
 /// Adds time functionality to Apps.
 #[derive(Default)]
 pub struct TimePlugin;
@@ -43,12 +45,20 @@ pub struct TimeSystem;
 impl Plugin for TimePlugin {
     fn build(&self, app: &mut App) {
         app.init_resource::<Time>()
+            .init_resource::<Time<Real>>()
+            .init_resource::<Time<Virtual>>()
+            .init_resource::<Time<Fixed>>()
             .init_resource::<TimeUpdateStrategy>()
-            .register_type::<Timer>()
             .register_type::<Time>()
+            .register_type::<Time<Real>>()
+            .register_type::<Time<Virtual>>()
+            .register_type::<Time<Fixed>>()
+            .register_type::<Timer>()
             .register_type::<Stopwatch>()
-            .init_resource::<FixedTime>()
-            .add_systems(First, time_system.in_set(TimeSystem))
+            .add_systems(
+                First,
+                (time_system, virtual_time_system.after(time_system)).in_set(TimeSystem),
+            )
             .add_systems(RunFixedUpdateLoop, run_fixed_update_schedule);
 
         #[cfg(feature = "bevy_ci_testing")]
@@ -68,8 +78,8 @@ impl Plugin for TimePlugin {
 
 /// Configuration resource used to determine how the time system should run.
 ///
-/// For most cases, [`TimeUpdateStrategy::Automatic`] is fine. When writing tests, dealing with networking, or similar
-/// you may prefer to set the next [`Time`] value manually.
+/// For most cases, [`TimeUpdateStrategy::Automatic`] is fine. When writing tests, dealing with
+/// networking or similar, you may prefer to set the next [`Time`] value manually.
 #[derive(Resource, Default)]
 pub enum TimeUpdateStrategy {
     /// [`Time`] will be automatically updated each frame using an [`Instant`] sent from the render world via a [`TimeSender`].
@@ -101,10 +111,10 @@ pub fn create_time_channels() -> (TimeSender, TimeReceiver) {
     (TimeSender(s), TimeReceiver(r))
 }
 
-/// The system used to update the [`Time`] used by app logic. If there is a render world the time is sent from
-/// there to this system through channels. Otherwise the time is updated in this system.
+/// The system used to update the [`Time`] used by app logic. If there is a render world the time is
+/// sent from there to this system through channels. Otherwise the time is updated in this system.
 fn time_system(
-    mut time: ResMut<Time>,
+    mut time: ResMut<Time<Real>>,
     update_strategy: Res<TimeUpdateStrategy>,
     time_recv: Option<Res<TimeReceiver>>,
     mut has_received_time: Local<bool>,
@@ -127,9 +137,6 @@ fn time_system(
     match update_strategy.as_ref() {
         TimeUpdateStrategy::Automatic => time.update_with_instant(new_time),
         TimeUpdateStrategy::ManualInstant(instant) => time.update_with_instant(*instant),
-        TimeUpdateStrategy::ManualDuration(duration) => {
-            let last_update = time.last_update().unwrap_or_else(|| time.startup());
-            time.update_with_instant(last_update + *duration);
-        }
+        TimeUpdateStrategy::ManualDuration(duration) => time.update_with_duration(*duration),
     }
 }
diff --git a/crates/bevy_time/src/real.rs b/crates/bevy_time/src/real.rs
new file mode 100644
index 0000000000..b1922b635b
--- /dev/null
+++ b/crates/bevy_time/src/real.rs
@@ -0,0 +1,220 @@
+use bevy_reflect::Reflect;
+use bevy_utils::{Duration, Instant};
+
+use crate::time::Time;
+
+/// Real time clock representing elapsed wall clock time.
+///
+/// A specialization of the [`Time`] structure. **For method documentation, see
+/// [`Time<Real>#impl-Time<Real>`].**
+///
+/// It is automatically inserted as a resource by
+/// [`TimePlugin`](crate::TimePlugin) and updated with time instants according
+/// to [`TimeUpdateStrategy`](crate::TimeUpdateStrategy).
+///
+/// The [`delta()`](Time::delta) and [`elapsed()`](Time::elapsed) values of this
+/// clock should be used for anything which deals specifically with real time
+/// (wall clock time). It will not be affected by relative game speed
+/// adjustments, pausing or other adjustments.
+///
+/// The clock does not count time from [`startup()`](Time::startup) to
+/// [`first_update()`](Time::first_update()) into elapsed, but instead will
+/// start counting time from the first update call. [`delta()`](Time::delta) and
+/// [`elapsed()`](Time::elapsed) will report zero on the first update as there
+/// is no previous update instant. This means that a [`delta()`](Time::delta) of
+/// zero must be handled without errors in application logic, as it may
+/// theoretically also happen at other times.
+///
+/// [`Instant`](std::time::Instant)s for [`startup()`](Time::startup),
+/// [`first_update()`](Time::first_update) and
+/// [`last_update()`](Time::last_update) are recorded and accessible.
+#[derive(Debug, Copy, Clone, Reflect)]
+pub struct Real {
+    startup: Instant,
+    first_update: Option<Instant>,
+    last_update: Option<Instant>,
+}
+
+impl Default for Real {
+    fn default() -> Self {
+        Self {
+            startup: Instant::now(),
+            first_update: None,
+            last_update: None,
+        }
+    }
+}
+
+impl Time<Real> {
+    /// Constructs a new `Time<Real>` instance with a specific startup
+    /// [`Instant`](std::time::Instant).
+    pub fn new(startup: Instant) -> Self {
+        Self::new_with(Real {
+            startup,
+            ..Default::default()
+        })
+    }
+
+    /// Updates the internal time measurements.
+    ///
+    /// Calling this method as part of your app will most likely result in
+    /// inaccurate timekeeping, as the [`Time`] resource is ordinarily managed
+    /// by the [`TimePlugin`](crate::TimePlugin).
+    pub fn update(&mut self) {
+        let instant = Instant::now();
+        self.update_with_instant(instant);
+    }
+
+    /// Updates time with a specified [`Duration`].
+    ///
+    /// This method is provided for use in tests.
+    ///
+    /// Calling this method as part of your app will most likely result in
+    /// inaccurate timekeeping, as the [`Time`] resource is ordinarily managed
+    /// by the [`TimePlugin`](crate::TimePlugin).
+    pub fn update_with_duration(&mut self, duration: Duration) {
+        let last_update = self.context().last_update.unwrap_or(self.context().startup);
+        self.update_with_instant(last_update + duration);
+    }
+
+    /// Updates time with a specified [`Instant`](std::time::Instant).
+    ///
+    /// This method is provided for use in tests.
+    ///
+    /// Calling this method as part of your app will most likely result in inaccurate timekeeping,
+    /// as the [`Time`] resource is ordinarily managed by the [`TimePlugin`](crate::TimePlugin).
+    pub fn update_with_instant(&mut self, instant: Instant) {
+        let Some(last_update) = self.context().last_update else {
+            let context = self.context_mut();
+            context.first_update = Some(instant);
+            context.last_update = Some(instant);
+            return;
+        };
+        let delta = instant - last_update;
+        self.advance_by(delta);
+        self.context_mut().last_update = Some(instant);
+    }
+
+    /// Returns the [`Instant`](std::time::Instant) the clock was created.
+    ///
+    /// This usually represents when the app was started.
+    #[inline]
+    pub fn startup(&self) -> Instant {
+        self.context().startup
+    }
+
+    /// Returns the [`Instant`](std::time::Instant) when [`Self::update`] was first called, if it
+    /// exists.
+    ///
+    /// This usually represents when the first app update started.
+    #[inline]
+    pub fn first_update(&self) -> Option<Instant> {
+        self.context().first_update
+    }
+
+    /// Returns the [`Instant`](std::time::Instant) when [`Self::update`] was last called, if it
+    /// exists.
+    ///
+    /// This usually represents when the current app update started.
+    #[inline]
+    pub fn last_update(&self) -> Option<Instant> {
+        self.context().last_update
+    }
+}
+
+#[cfg(test)]
+mod test {
+    use super::*;
+
+    #[test]
+    fn test_update() {
+        let startup = Instant::now();
+        let mut time = Time::<Real>::new(startup);
+
+        assert_eq!(time.startup(), startup);
+        assert_eq!(time.first_update(), None);
+        assert_eq!(time.last_update(), None);
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+
+        time.update();
+
+        assert_ne!(time.first_update(), None);
+        assert_ne!(time.last_update(), None);
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+
+        time.update();
+
+        assert_ne!(time.first_update(), None);
+        assert_ne!(time.last_update(), None);
+        assert_ne!(time.last_update(), time.first_update());
+        assert_ne!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), time.delta());
+
+        let prev_elapsed = time.elapsed();
+        time.update();
+
+        assert_ne!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), prev_elapsed + time.delta());
+    }
+
+    #[test]
+    fn test_update_with_instant() {
+        let startup = Instant::now();
+        let mut time = Time::<Real>::new(startup);
+
+        let first_update = Instant::now();
+        time.update_with_instant(first_update);
+
+        assert_eq!(time.startup(), startup);
+        assert_eq!(time.first_update(), Some(first_update));
+        assert_eq!(time.last_update(), Some(first_update));
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+
+        let second_update = Instant::now();
+        time.update_with_instant(second_update);
+
+        assert_eq!(time.first_update(), Some(first_update));
+        assert_eq!(time.last_update(), Some(second_update));
+        assert_eq!(time.delta(), second_update - first_update);
+        assert_eq!(time.elapsed(), second_update - first_update);
+
+        let third_update = Instant::now();
+        time.update_with_instant(third_update);
+
+        assert_eq!(time.first_update(), Some(first_update));
+        assert_eq!(time.last_update(), Some(third_update));
+        assert_eq!(time.delta(), third_update - second_update);
+        assert_eq!(time.elapsed(), third_update - first_update);
+    }
+
+    #[test]
+    fn test_update_with_duration() {
+        let startup = Instant::now();
+        let mut time = Time::<Real>::new(startup);
+
+        time.update_with_duration(Duration::from_secs(1));
+
+        assert_eq!(time.startup(), startup);
+        assert_eq!(time.first_update(), Some(startup + Duration::from_secs(1)));
+        assert_eq!(time.last_update(), Some(startup + Duration::from_secs(1)));
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+
+        time.update_with_duration(Duration::from_secs(1));
+
+        assert_eq!(time.first_update(), Some(startup + Duration::from_secs(1)));
+        assert_eq!(time.last_update(), Some(startup + Duration::from_secs(2)));
+        assert_eq!(time.delta(), Duration::from_secs(1));
+        assert_eq!(time.elapsed(), Duration::from_secs(1));
+
+        time.update_with_duration(Duration::from_secs(1));
+
+        assert_eq!(time.first_update(), Some(startup + Duration::from_secs(1)));
+        assert_eq!(time.last_update(), Some(startup + Duration::from_secs(3)));
+        assert_eq!(time.delta(), Duration::from_secs(1));
+        assert_eq!(time.elapsed(), Duration::from_secs(2));
+    }
+}
diff --git a/crates/bevy_time/src/stopwatch.rs b/crates/bevy_time/src/stopwatch.rs
index b7b4fccb00..b0362c6e91 100644
--- a/crates/bevy_time/src/stopwatch.rs
+++ b/crates/bevy_time/src/stopwatch.rs
@@ -1,5 +1,4 @@
-use bevy_reflect::prelude::*;
-use bevy_reflect::Reflect;
+use bevy_reflect::{prelude::*, Reflect};
 use bevy_utils::Duration;
 
 /// A Stopwatch is a struct that track elapsed time when started.
diff --git a/crates/bevy_time/src/time.rs b/crates/bevy_time/src/time.rs
index c2d23146b9..d78265f776 100644
--- a/crates/bevy_time/src/time.rs
+++ b/crates/bevy_time/src/time.rs
@@ -1,222 +1,287 @@
 use bevy_ecs::{reflect::ReflectResource, system::Resource};
 use bevy_reflect::{std_traits::ReflectDefault, Reflect};
-use bevy_utils::{Duration, Instant};
+use bevy_utils::Duration;
 
-/// A clock that tracks how much it has advanced (and how much real time has elapsed) since
-/// its previous update and since its creation.
+/// A generic clock resource that tracks how much it has advanced since its
+/// previous update and since its creation.
 ///
-/// See [`TimeUpdateStrategy`], which allows you to customize the way that this is updated each frame.
+/// Multiple instances of this resource are inserted automatically by
+/// [`TimePlugin`](crate::TimePlugin):
 ///
-/// [`TimeUpdateStrategy`]: crate::TimeUpdateStrategy
-#[derive(Resource, Reflect, Debug, Clone)]
+/// - [`Time<Real>`](crate::real::Real) tracks real wall-clock time elapsed.
+/// - [`Time<Virtual>`](crate::virt::Virtual) tracks virtual game time that may
+///   be paused or scaled.
+/// - [`Time<Fixed>`](crate::fixed::Fixed) tracks fixed timesteps based on
+///   virtual time.
+/// - [`Time`] is a generic clock that corresponds to "current" or "default"
+///   time for systems. It contains [`Time<Virtual>`](crate::virt::Virtual)
+///   except inside the [`FixedUpdate`](bevy_app::FixedUpdate) schedule when it
+///   contains [`Time<Fixed>`](crate::fixed::Fixed).
+///
+/// The time elapsed since the previous time this clock was advanced is saved as
+/// [`delta()`](Time::delta) and the total amount of time the clock has advanced
+/// is saved as [`elapsed()`](Time::elapsed). Both are represented as exact
+/// [`Duration`] values with fixed nanosecond precision. The clock does not
+/// support time moving backwards, but it can be updated with [`Duration::ZERO`]
+/// which will set [`delta()`](Time::delta) to zero.
+///
+/// These values are also available in seconds as `f32` via
+/// [`delta_seconds()`](Time::delta_seconds) and
+/// [`elapsed_seconds()`](Time::elapsed_seconds), and also in seconds as `f64`
+/// via [`delta_seconds_f64()`](Time::delta_seconds_f64) and
+/// [`elapsed_seconds_f64()`](Time::elapsed_seconds_f64).
+///
+/// Since [`elapsed_seconds()`](Time::elapsed_seconds) will grow constantly and
+/// is `f32`, it will exhibit gradual precision loss. For applications that
+/// require an `f32` value but suffer from gradual precision loss there is
+/// [`elapsed_seconds_wrapped()`](Time::elapsed_seconds_wrapped) available. The
+/// same wrapped value is also available as [`Duration`] and `f64` for
+/// consistency. The wrap period is by default 1 hour, and can be set by
+/// [`set_wrap_period()`](Time::set_wrap_period).
+///
+/// # Accessing clocks
+///
+/// By default, any systems requiring current [`delta()`](Time::delta) or
+/// [`elapsed()`](Time::elapsed) should use `Res<Time>` to access the default
+/// time configured for the program. By default, this refers to
+/// [`Time<Virtual>`](crate::virt::Virtual) except during the
+/// [`FixedUpdate`](bevy_app::FixedUpdate) schedule when it refers to
+/// [`Time<Fixed>`](crate::fixed::Fixed). This ensures your system can be used
+/// either in [`Update`](bevy_app::Update) or
+/// [`FixedUpdate`](bevy_app::FixedUpdate) schedule depending on what is needed.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// #
+/// fn ambivalent_system(time: Res<Time>) {
+///     println!("this how I see time: delta {:?}, elapsed {:?}", time.delta(), time.elapsed());
+/// }
+/// ```
+///
+/// If your system needs to react based on real time (wall clock time), like for
+/// user interfaces, it should use `Res<Time<Real>>`. The
+/// [`delta()`](Time::delta) and [`elapsed()`](Time::elapsed) values will always
+/// correspond to real time and will not be affected by pause, time scaling or
+/// other tweaks.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// #
+/// fn real_time_system(time: Res<Time<Real>>) {
+///     println!("this will always be real time: delta {:?}, elapsed {:?}", time.delta(), time.elapsed());
+/// }
+/// ```
+///
+/// If your system specifically needs to access fixed timestep clock, even when
+/// placed in `Update` schedule, you should use `Res<Time<Fixed>>`. The
+/// [`delta()`](Time::delta) and [`elapsed()`](Time::elapsed) values will
+/// correspond to the latest fixed timestep that has been run.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// #
+/// fn fixed_time_system(time: Res<Time<Fixed>>) {
+///     println!("this will always be the last executed fixed timestep: delta {:?}, elapsed {:?}", time.delta(), time.elapsed());
+/// }
+/// ```
+///
+/// Finally, if your system specifically needs to know the current virtual game
+/// time, even if placed inside [`FixedUpdate`](bevy_app::FixedUpdate), for
+/// example to know if the game is [`was_paused()`](Time::was_paused) or to use
+/// [`effective_speed()`](Time::effective_speed), you can use
+/// `Res<Time<Virtual>>`. However, if the system is placed in
+/// [`FixedUpdate`](bevy_app::FixedUpdate), extra care must be used because your
+/// system might be run multiple times with the same [`delta()`](Time::delta)
+/// and [`elapsed()`](Time::elapsed) values as the virtual game time has not
+/// changed between the iterations.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// #
+/// fn fixed_time_system(time: Res<Time<Virtual>>) {
+///     println!("this will be virtual time for this update: delta {:?}, elapsed {:?}", time.delta(), time.elapsed());
+///     println!("also the relative speed of the game is now {}", time.effective_speed());
+/// }
+/// ```
+///
+/// If you need to change the settings for any of the clocks, for example to
+/// [`pause()`](Time::pause) the game, you should use `ResMut<Time<Virtual>>`.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// #
+/// #[derive(Event)]
+/// struct PauseEvent(bool);
+///
+/// fn pause_system(mut time: ResMut<Time<Virtual>>, mut events: EventReader<PauseEvent>) {
+///     for ev in events.iter() {
+///         if ev.0 {
+///             time.pause();
+///         } else {
+///             time.unpause();
+///         }
+///     }
+/// }
+/// ```
+///
+/// # Adding custom clocks
+///
+/// New custom clocks can be created by creating your own struct as a context
+/// and passing it to [`new_with()`](Time::new_with). These clocks can be
+/// inserted as resources as normal and then accessed by systems. You can use
+/// the [`advance_by()`](Time::advance_by) or [`advance_to()`](Time::advance_to)
+/// methods to move the clock forwards based on your own logic.
+///
+/// If you want to add methods for your time instance and they require access to
+/// both your context and the generic time part, it's probably simplest to add a
+/// custom trait for them and implement it for `Time<Custom>`.
+///
+/// Your context struct will need to implement the [`Default`] trait because
+/// [`Time`] structures support reflection. It also makes initialization trivial
+/// by being able to call `app.init_resource::<Time<Custom>>()`.
+///
+/// You can also replace the "generic" `Time` clock resource if the "default"
+/// time for your game should not be the default virtual time provided. You can
+/// get a "generic" snapshot of your clock by calling `as_generic()` and then
+/// overwrite the [`Time`] resource with it. The default systems added by
+/// [`TimePlugin`](crate::TimePlugin) will overwrite the [`Time`] clock during
+/// [`First`](bevy_app::First) and [`FixedUpdate`](bevy_app::FixedUpdate)
+/// schedules.
+///
+/// ```
+/// # use bevy_ecs::prelude::*;
+/// # use bevy_time::prelude::*;
+/// # use bevy_utils::Instant;
+/// #
+/// #[derive(Debug)]
+/// struct Custom {
+///     last_external_time: Instant,
+/// }
+///
+/// impl Default for Custom {
+///     fn default() -> Self {
+///         Self {
+///             last_external_time: Instant::now(),
+///         }
+///     }
+/// }
+///
+/// trait CustomTime {
+///     fn update_from_external(&mut self, instant: Instant);
+/// }
+///
+/// impl CustomTime for Time<Custom> {
+///     fn update_from_external(&mut self, instant: Instant) {
+///          let delta = instant - self.context().last_external_time;
+///          self.advance_by(delta);
+///          self.context_mut().last_external_time = instant;
+///     }
+/// }
+/// ```
+#[derive(Resource, Debug, Copy, Clone, Reflect)]
 #[reflect(Resource, Default)]
-pub struct Time {
-    startup: Instant,
-    first_update: Option<Instant>,
-    last_update: Option<Instant>,
-    // pausing
-    paused: bool,
-    // scaling
-    relative_speed: f64, // using `f64` instead of `f32` to minimize drift from rounding errors
+pub struct Time<T: Default = ()> {
+    context: T,
+    wrap_period: Duration,
     delta: Duration,
     delta_seconds: f32,
     delta_seconds_f64: f64,
     elapsed: Duration,
     elapsed_seconds: f32,
     elapsed_seconds_f64: f64,
-    raw_delta: Duration,
-    raw_delta_seconds: f32,
-    raw_delta_seconds_f64: f64,
-    raw_elapsed: Duration,
-    raw_elapsed_seconds: f32,
-    raw_elapsed_seconds_f64: f64,
-    // wrapping
-    wrap_period: Duration,
     elapsed_wrapped: Duration,
     elapsed_seconds_wrapped: f32,
     elapsed_seconds_wrapped_f64: f64,
-    raw_elapsed_wrapped: Duration,
-    raw_elapsed_seconds_wrapped: f32,
-    raw_elapsed_seconds_wrapped_f64: f64,
 }
 
-impl Default for Time {
-    fn default() -> Self {
-        Self {
-            startup: Instant::now(),
-            first_update: None,
-            last_update: None,
-            paused: false,
-            relative_speed: 1.0,
-            delta: Duration::ZERO,
-            delta_seconds: 0.0,
-            delta_seconds_f64: 0.0,
-            elapsed: Duration::ZERO,
-            elapsed_seconds: 0.0,
-            elapsed_seconds_f64: 0.0,
-            raw_delta: Duration::ZERO,
-            raw_delta_seconds: 0.0,
-            raw_delta_seconds_f64: 0.0,
-            raw_elapsed: Duration::ZERO,
-            raw_elapsed_seconds: 0.0,
-            raw_elapsed_seconds_f64: 0.0,
-            wrap_period: Duration::from_secs(3600), // 1 hour
-            elapsed_wrapped: Duration::ZERO,
-            elapsed_seconds_wrapped: 0.0,
-            elapsed_seconds_wrapped_f64: 0.0,
-            raw_elapsed_wrapped: Duration::ZERO,
-            raw_elapsed_seconds_wrapped: 0.0,
-            raw_elapsed_seconds_wrapped_f64: 0.0,
-        }
-    }
-}
+impl<T: Default> Time<T> {
+    const DEFAULT_WRAP_PERIOD: Duration = Duration::from_secs(3600); // 1 hour
 
-impl Time {
-    /// Constructs a new `Time` instance with a specific startup `Instant`.
-    pub fn new(startup: Instant) -> Self {
+    /// Create a new clock from context with [`Self::delta`] and [`Self::elapsed`] starting from
+    /// zero.
+    pub fn new_with(context: T) -> Self {
         Self {
-            startup,
+            context,
             ..Default::default()
         }
     }
 
-    /// Updates the internal time measurements.
+    /// Advance this clock by adding a `delta` duration to it.
     ///
-    /// Calling this method as part of your app will most likely result in inaccurate timekeeping,
-    /// as the `Time` resource is ordinarily managed by the [`TimePlugin`](crate::TimePlugin).
-    pub fn update(&mut self) {
-        let now = Instant::now();
-        self.update_with_instant(now);
-    }
-
-    /// Updates time with a specified [`Instant`].
-    ///
-    /// This method is provided for use in tests. Calling this method as part of your app will most
-    /// likely result in inaccurate timekeeping, as the `Time` resource is ordinarily managed by the
-    /// [`TimePlugin`](crate::TimePlugin).
-    ///
-    /// # Examples
-    ///
-    /// ```
-    /// # use bevy_time::prelude::*;
-    /// # use bevy_ecs::prelude::*;
-    /// # use bevy_utils::Duration;
-    /// # fn main () {
-    /// #     test_health_system();
-    /// # }
-    /// #[derive(Resource)]
-    /// struct Health {
-    ///     // Health value between 0.0 and 1.0
-    ///     health_value: f32,
-    /// }
-    ///
-    /// fn health_system(time: Res<Time>, mut health: ResMut<Health>) {
-    ///     // Increase health value by 0.1 per second, independent of frame rate,
-    ///     // but not beyond 1.0
-    ///     health.health_value = (health.health_value + 0.1 * time.delta_seconds()).min(1.0);
-    /// }
-    ///
-    /// // Mock time in tests
-    /// fn test_health_system() {
-    ///     let mut world = World::default();
-    ///     let mut time = Time::default();
-    ///     time.update();
-    ///     world.insert_resource(time);
-    ///     world.insert_resource(Health { health_value: 0.2 });
-    ///
-    ///     let mut schedule = Schedule::default();
-    ///     schedule.add_systems(health_system);
-    ///
-    ///     // Simulate that 30 ms have passed
-    ///     let mut time = world.resource_mut::<Time>();
-    ///     let last_update = time.last_update().unwrap();
-    ///     time.update_with_instant(last_update + Duration::from_millis(30));
-    ///
-    ///     // Run system
-    ///     schedule.run(&mut world);
-    ///
-    ///     // Check that 0.003 has been added to the health value
-    ///     let expected_health_value = 0.2 + 0.1 * 0.03;
-    ///     let actual_health_value = world.resource::<Health>().health_value;
-    ///     assert_eq!(expected_health_value, actual_health_value);
-    /// }
-    /// ```
-    pub fn update_with_instant(&mut self, instant: Instant) {
-        let raw_delta = instant - self.last_update.unwrap_or(self.startup);
-        let delta = if self.paused {
-            Duration::ZERO
-        } else if self.relative_speed != 1.0 {
-            raw_delta.mul_f64(self.relative_speed)
-        } else {
-            // avoid rounding when at normal speed
-            raw_delta
-        };
-
-        if self.last_update.is_some() {
-            self.delta = delta;
-            self.delta_seconds = self.delta.as_secs_f32();
-            self.delta_seconds_f64 = self.delta.as_secs_f64();
-            self.raw_delta = raw_delta;
-            self.raw_delta_seconds = self.raw_delta.as_secs_f32();
-            self.raw_delta_seconds_f64 = self.raw_delta.as_secs_f64();
-        } else {
-            self.first_update = Some(instant);
-        }
-
+    /// The added duration will be returned by [`Self::delta`] and
+    /// [`Self::elapsed`] will be increased by the duration. Adding
+    /// [`Duration::ZERO`] is allowed and will set [`Self::delta`] to zero.
+    pub fn advance_by(&mut self, delta: Duration) {
+        self.delta = delta;
+        self.delta_seconds = self.delta.as_secs_f32();
+        self.delta_seconds_f64 = self.delta.as_secs_f64();
         self.elapsed += delta;
         self.elapsed_seconds = self.elapsed.as_secs_f32();
         self.elapsed_seconds_f64 = self.elapsed.as_secs_f64();
-        self.raw_elapsed += raw_delta;
-        self.raw_elapsed_seconds = self.raw_elapsed.as_secs_f32();
-        self.raw_elapsed_seconds_f64 = self.raw_elapsed.as_secs_f64();
-
-        self.elapsed_wrapped = duration_div_rem(self.elapsed, self.wrap_period).1;
+        self.elapsed_wrapped = duration_rem(self.elapsed, self.wrap_period);
         self.elapsed_seconds_wrapped = self.elapsed_wrapped.as_secs_f32();
         self.elapsed_seconds_wrapped_f64 = self.elapsed_wrapped.as_secs_f64();
-        self.raw_elapsed_wrapped = duration_div_rem(self.raw_elapsed, self.wrap_period).1;
-        self.raw_elapsed_seconds_wrapped = self.raw_elapsed_wrapped.as_secs_f32();
-        self.raw_elapsed_seconds_wrapped_f64 = self.raw_elapsed_wrapped.as_secs_f64();
-
-        self.last_update = Some(instant);
     }
 
-    /// Returns the [`Instant`] the clock was created.
+    /// Advance this clock to a specific `elapsed` time.
     ///
-    /// This usually represents when the app was started.
-    #[inline]
-    pub fn startup(&self) -> Instant {
-        self.startup
-    }
-
-    /// Returns the [`Instant`] when [`update`](#method.update) was first called, if it exists.
+    /// [`Self::delta()`] will return the amount of time the clock was advanced
+    /// and [`Self::elapsed()`] will be the `elapsed` value passed in. Cannot be
+    /// used to move time backwards.
     ///
-    /// This usually represents when the first app update started.
-    #[inline]
-    pub fn first_update(&self) -> Option<Instant> {
-        self.first_update
-    }
-
-    /// Returns the [`Instant`] when [`update`](#method.update) was last called, if it exists.
+    /// # Panics
     ///
-    /// This usually represents when the current app update started.
-    #[inline]
-    pub fn last_update(&self) -> Option<Instant> {
-        self.last_update
+    /// Panics if `elapsed` is less than `Self::elapsed()`.
+    pub fn advance_to(&mut self, elapsed: Duration) {
+        assert!(
+            elapsed >= self.elapsed,
+            "tried to move time backwards to an earlier elapsed moment"
+        );
+        self.advance_by(elapsed - self.elapsed);
     }
 
-    /// Returns how much time has advanced since the last [`update`](#method.update), as a [`Duration`].
+    /// Returns the modulus used to calculate [`elapsed_wrapped`](#method.elapsed_wrapped).
+    ///
+    /// **Note:** The default modulus is one hour.
+    #[inline]
+    pub fn wrap_period(&self) -> Duration {
+        self.wrap_period
+    }
+
+    /// Sets the modulus used to calculate [`elapsed_wrapped`](#method.elapsed_wrapped).
+    ///
+    /// **Note:** This will not take effect until the next update.
+    ///
+    /// # Panics
+    ///
+    /// Panics if `wrap_period` is a zero-length duration.
+    #[inline]
+    pub fn set_wrap_period(&mut self, wrap_period: Duration) {
+        assert!(!wrap_period.is_zero(), "division by zero");
+        self.wrap_period = wrap_period;
+    }
+
+    /// Returns how much time has advanced since the last [`update`](#method.update), as a
+    /// [`Duration`].
     #[inline]
     pub fn delta(&self) -> Duration {
         self.delta
     }
 
-    /// Returns how much time has advanced since the last [`update`](#method.update), as [`f32`] seconds.
+    /// Returns how much time has advanced since the last [`update`](#method.update), as [`f32`]
+    /// seconds.
     #[inline]
     pub fn delta_seconds(&self) -> f32 {
         self.delta_seconds
     }
 
-    /// Returns how much time has advanced since the last [`update`](#method.update), as [`f64`] seconds.
+    /// Returns how much time has advanced since the last [`update`](#method.update), as [`f64`]
+    /// seconds.
     #[inline]
     pub fn delta_seconds_f64(&self) -> f64 {
         self.delta_seconds_f64
@@ -268,465 +333,209 @@ impl Time {
         self.elapsed_seconds_wrapped_f64
     }
 
-    /// Returns how much real time has elapsed since the last [`update`](#method.update), as a [`Duration`].
+    /// Returns a reference to the context of this specific clock.
     #[inline]
-    pub fn raw_delta(&self) -> Duration {
-        self.raw_delta
+    pub fn context(&self) -> &T {
+        &self.context
     }
 
-    /// Returns how much real time has elapsed since the last [`update`](#method.update), as [`f32`] seconds.
+    /// Returns a mutable reference to the context of this specific clock.
     #[inline]
-    pub fn raw_delta_seconds(&self) -> f32 {
-        self.raw_delta_seconds
+    pub fn context_mut(&mut self) -> &mut T {
+        &mut self.context
     }
 
-    /// Returns how much real time has elapsed since the last [`update`](#method.update), as [`f64`] seconds.
+    /// Returns a copy of this clock as fully generic clock without context.
     #[inline]
-    pub fn raw_delta_seconds_f64(&self) -> f64 {
-        self.raw_delta_seconds_f64
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup), as [`Duration`].
-    #[inline]
-    pub fn raw_elapsed(&self) -> Duration {
-        self.raw_elapsed
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup), as [`f32`] seconds.
-    ///
-    /// **Note:** This is a monotonically increasing value. It's precision will degrade over time.
-    /// If you need an `f32` but that precision loss is unacceptable,
-    /// use [`raw_elapsed_seconds_wrapped`](#method.raw_elapsed_seconds_wrapped).
-    #[inline]
-    pub fn raw_elapsed_seconds(&self) -> f32 {
-        self.raw_elapsed_seconds
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup), as [`f64`] seconds.
-    #[inline]
-    pub fn raw_elapsed_seconds_f64(&self) -> f64 {
-        self.raw_elapsed_seconds_f64
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup) modulo
-    /// the [`wrap_period`](#method.wrap_period), as [`Duration`].
-    #[inline]
-    pub fn raw_elapsed_wrapped(&self) -> Duration {
-        self.raw_elapsed_wrapped
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup) modulo
-    /// the [`wrap_period`](#method.wrap_period), as [`f32`] seconds.
-    ///
-    /// This method is intended for applications (e.g. shaders) that require an [`f32`] value but
-    /// suffer from the gradual precision loss of [`raw_elapsed_seconds`](#method.raw_elapsed_seconds).
-    #[inline]
-    pub fn raw_elapsed_seconds_wrapped(&self) -> f32 {
-        self.raw_elapsed_seconds_wrapped
-    }
-
-    /// Returns how much real time has elapsed since [`startup`](#method.startup) modulo
-    /// the [`wrap_period`](#method.wrap_period), as [`f64`] seconds.
-    #[inline]
-    pub fn raw_elapsed_seconds_wrapped_f64(&self) -> f64 {
-        self.raw_elapsed_seconds_wrapped_f64
-    }
-
-    /// Returns the modulus used to calculate [`elapsed_wrapped`](#method.elapsed_wrapped) and
-    /// [`raw_elapsed_wrapped`](#method.raw_elapsed_wrapped).
-    ///
-    /// **Note:** The default modulus is one hour.
-    #[inline]
-    pub fn wrap_period(&self) -> Duration {
-        self.wrap_period
-    }
-
-    /// Sets the modulus used to calculate [`elapsed_wrapped`](#method.elapsed_wrapped) and
-    /// [`raw_elapsed_wrapped`](#method.raw_elapsed_wrapped).
-    ///
-    /// **Note:** This will not take effect until the next update.
-    ///
-    /// # Panics
-    ///
-    /// Panics if `wrap_period` is a zero-length duration.
-    #[inline]
-    pub fn set_wrap_period(&mut self, wrap_period: Duration) {
-        assert!(!wrap_period.is_zero(), "division by zero");
-        self.wrap_period = wrap_period;
-    }
-
-    /// Returns the speed the clock advances relative to your system clock, as [`f32`].
-    /// This is known as "time scaling" or "time dilation" in other engines.
-    ///
-    /// **Note:** This function will return zero when time is paused.
-    #[inline]
-    pub fn relative_speed(&self) -> f32 {
-        self.relative_speed_f64() as f32
-    }
-
-    /// Returns the speed the clock advances relative to your system clock, as [`f64`].
-    /// This is known as "time scaling" or "time dilation" in other engines.
-    ///
-    /// **Note:** This function will return zero when time is paused.
-    #[inline]
-    pub fn relative_speed_f64(&self) -> f64 {
-        if self.paused {
-            0.0
-        } else {
-            self.relative_speed
+    pub fn as_generic(&self) -> Time<()> {
+        Time {
+            context: (),
+            wrap_period: self.wrap_period,
+            delta: self.delta,
+            delta_seconds: self.delta_seconds,
+            delta_seconds_f64: self.delta_seconds_f64,
+            elapsed: self.elapsed,
+            elapsed_seconds: self.elapsed_seconds,
+            elapsed_seconds_f64: self.elapsed_seconds_f64,
+            elapsed_wrapped: self.elapsed_wrapped,
+            elapsed_seconds_wrapped: self.elapsed_seconds_wrapped,
+            elapsed_seconds_wrapped_f64: self.elapsed_seconds_wrapped_f64,
         }
     }
-
-    /// Sets the speed the clock advances relative to your system clock, given as an [`f32`].
-    ///
-    /// For example, setting this to `2.0` will make the clock advance twice as fast as your system clock.
-    ///
-    /// **Note:** This does not affect the `raw_*` measurements.
-    ///
-    /// # Panics
-    ///
-    /// Panics if `ratio` is negative or not finite.
-    #[inline]
-    pub fn set_relative_speed(&mut self, ratio: f32) {
-        self.set_relative_speed_f64(ratio as f64);
-    }
-
-    /// Sets the speed the clock advances relative to your system clock, given as an [`f64`].
-    ///
-    /// For example, setting this to `2.0` will make the clock advance twice as fast as your system clock.
-    ///
-    /// **Note:** This does not affect the `raw_*` measurements.
-    ///
-    /// # Panics
-    ///
-    /// Panics if `ratio` is negative or not finite.
-    #[inline]
-    pub fn set_relative_speed_f64(&mut self, ratio: f64) {
-        assert!(ratio.is_finite(), "tried to go infinitely fast");
-        assert!(ratio >= 0.0, "tried to go back in time");
-        self.relative_speed = ratio;
-    }
-
-    /// Stops the clock, preventing it from advancing until resumed.
-    ///
-    /// **Note:** This does not affect the `raw_*` measurements.
-    #[inline]
-    pub fn pause(&mut self) {
-        self.paused = true;
-    }
-
-    /// Resumes the clock if paused.
-    #[inline]
-    pub fn unpause(&mut self) {
-        self.paused = false;
-    }
-
-    /// Returns `true` if the clock is currently paused.
-    #[inline]
-    pub fn is_paused(&self) -> bool {
-        self.paused
-    }
 }
 
-fn duration_div_rem(dividend: Duration, divisor: Duration) -> (u32, Duration) {
+impl<T: Default> Default for Time<T> {
+    fn default() -> Self {
+        Self {
+            context: Default::default(),
+            wrap_period: Self::DEFAULT_WRAP_PERIOD,
+            delta: Duration::ZERO,
+            delta_seconds: 0.0,
+            delta_seconds_f64: 0.0,
+            elapsed: Duration::ZERO,
+            elapsed_seconds: 0.0,
+            elapsed_seconds_f64: 0.0,
+            elapsed_wrapped: Duration::ZERO,
+            elapsed_seconds_wrapped: 0.0,
+            elapsed_seconds_wrapped_f64: 0.0,
+        }
+    }
+}
+
+fn duration_rem(dividend: Duration, divisor: Duration) -> Duration {
     // `Duration` does not have a built-in modulo operation
     let quotient = (dividend.as_nanos() / divisor.as_nanos()) as u32;
-    let remainder = dividend - (quotient * divisor);
-    (quotient, remainder)
+    dividend - (quotient * divisor)
 }
 
 #[cfg(test)]
-#[allow(clippy::float_cmp)]
-mod tests {
-    use super::Time;
-    use bevy_utils::{Duration, Instant};
-
-    fn assert_float_eq(a: f32, b: f32) {
-        assert!((a - b).abs() <= f32::EPSILON, "{a} != {b}");
-    }
+mod test {
+    use super::*;
 
     #[test]
-    fn update_test() {
-        let start_instant = Instant::now();
-        let mut time = Time::new(start_instant);
+    fn test_initial_state() {
+        let time: Time = Time::default();
 
-        // Ensure `time` was constructed correctly.
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), None);
-        assert_eq!(time.last_update(), None);
-        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.wrap_period(), Time::<()>::DEFAULT_WRAP_PERIOD);
         assert_eq!(time.delta(), Duration::ZERO);
         assert_eq!(time.delta_seconds(), 0.0);
         assert_eq!(time.delta_seconds_f64(), 0.0);
-        assert_eq!(time.raw_delta(), Duration::ZERO);
-        assert_eq!(time.raw_delta_seconds(), 0.0);
-        assert_eq!(time.raw_delta_seconds_f64(), 0.0);
         assert_eq!(time.elapsed(), Duration::ZERO);
         assert_eq!(time.elapsed_seconds(), 0.0);
         assert_eq!(time.elapsed_seconds_f64(), 0.0);
-        assert_eq!(time.raw_elapsed(), Duration::ZERO);
-        assert_eq!(time.raw_elapsed_seconds(), 0.0);
-        assert_eq!(time.raw_elapsed_seconds_f64(), 0.0);
+        assert_eq!(time.elapsed_wrapped(), Duration::ZERO);
+        assert_eq!(time.elapsed_seconds_wrapped(), 0.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 0.0);
+    }
 
-        // Update `time` and check results.
-        // The first update to `time` normally happens before other systems have run,
-        // so the first delta doesn't appear until the second update.
-        let first_update_instant = Instant::now();
-        time.update_with_instant(first_update_instant);
+    #[test]
+    fn test_advance_by() {
+        let mut time: Time = Time::default();
+
+        time.advance_by(Duration::from_millis(250));
+
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.delta_seconds(), 0.25);
+        assert_eq!(time.delta_seconds_f64(), 0.25);
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+        assert_eq!(time.elapsed_seconds(), 0.25);
+        assert_eq!(time.elapsed_seconds_f64(), 0.25);
+
+        time.advance_by(Duration::from_millis(500));
+
+        assert_eq!(time.delta(), Duration::from_millis(500));
+        assert_eq!(time.delta_seconds(), 0.5);
+        assert_eq!(time.delta_seconds_f64(), 0.5);
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+        assert_eq!(time.elapsed_seconds(), 0.75);
+        assert_eq!(time.elapsed_seconds_f64(), 0.75);
+
+        time.advance_by(Duration::ZERO);
 
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(first_update_instant));
-        assert_eq!(time.relative_speed(), 1.0);
         assert_eq!(time.delta(), Duration::ZERO);
         assert_eq!(time.delta_seconds(), 0.0);
         assert_eq!(time.delta_seconds_f64(), 0.0);
-        assert_eq!(time.raw_delta(), Duration::ZERO);
-        assert_eq!(time.raw_delta_seconds(), 0.0);
-        assert_eq!(time.raw_delta_seconds_f64(), 0.0);
-        assert_eq!(time.elapsed(), first_update_instant - start_instant);
-        assert_eq!(
-            time.elapsed_seconds(),
-            (first_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.elapsed_seconds_f64(),
-            (first_update_instant - start_instant).as_secs_f64(),
-        );
-        assert_eq!(time.raw_elapsed(), first_update_instant - start_instant);
-        assert_eq!(
-            time.raw_elapsed_seconds(),
-            (first_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_elapsed_seconds_f64(),
-            (first_update_instant - start_instant).as_secs_f64(),
-        );
-
-        // Update `time` again and check results.
-        // At this point its safe to use time.delta().
-        let second_update_instant = Instant::now();
-        time.update_with_instant(second_update_instant);
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(second_update_instant));
-        assert_eq!(time.relative_speed(), 1.0);
-        assert_eq!(time.delta(), second_update_instant - first_update_instant);
-        assert_eq!(
-            time.delta_seconds(),
-            (second_update_instant - first_update_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.delta_seconds_f64(),
-            (second_update_instant - first_update_instant).as_secs_f64(),
-        );
-        assert_eq!(
-            time.raw_delta(),
-            second_update_instant - first_update_instant,
-        );
-        assert_eq!(
-            time.raw_delta_seconds(),
-            (second_update_instant - first_update_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_delta_seconds_f64(),
-            (second_update_instant - first_update_instant).as_secs_f64(),
-        );
-        assert_eq!(time.elapsed(), second_update_instant - start_instant);
-        assert_eq!(
-            time.elapsed_seconds(),
-            (second_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.elapsed_seconds_f64(),
-            (second_update_instant - start_instant).as_secs_f64(),
-        );
-        assert_eq!(time.raw_elapsed(), second_update_instant - start_instant);
-        assert_eq!(
-            time.raw_elapsed_seconds(),
-            (second_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_elapsed_seconds_f64(),
-            (second_update_instant - start_instant).as_secs_f64(),
-        );
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+        assert_eq!(time.elapsed_seconds(), 0.75);
+        assert_eq!(time.elapsed_seconds_f64(), 0.75);
     }
 
     #[test]
-    fn wrapping_test() {
-        let start_instant = Instant::now();
+    fn test_advance_to() {
+        let mut time: Time = Time::default();
 
-        let mut time = Time {
-            startup: start_instant,
-            wrap_period: Duration::from_secs(3),
-            ..Default::default()
-        };
+        time.advance_to(Duration::from_millis(250));
 
-        assert_eq!(time.elapsed_seconds_wrapped(), 0.0);
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.delta_seconds(), 0.25);
+        assert_eq!(time.delta_seconds_f64(), 0.25);
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+        assert_eq!(time.elapsed_seconds(), 0.25);
+        assert_eq!(time.elapsed_seconds_f64(), 0.25);
 
-        time.update_with_instant(start_instant + Duration::from_secs(1));
-        assert_float_eq(time.elapsed_seconds_wrapped(), 1.0);
+        time.advance_to(Duration::from_millis(750));
 
-        time.update_with_instant(start_instant + Duration::from_secs(2));
-        assert_float_eq(time.elapsed_seconds_wrapped(), 2.0);
+        assert_eq!(time.delta(), Duration::from_millis(500));
+        assert_eq!(time.delta_seconds(), 0.5);
+        assert_eq!(time.delta_seconds_f64(), 0.5);
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+        assert_eq!(time.elapsed_seconds(), 0.75);
+        assert_eq!(time.elapsed_seconds_f64(), 0.75);
 
-        time.update_with_instant(start_instant + Duration::from_secs(3));
-        assert_float_eq(time.elapsed_seconds_wrapped(), 0.0);
+        time.advance_to(Duration::from_millis(750));
 
-        time.update_with_instant(start_instant + Duration::from_secs(4));
-        assert_float_eq(time.elapsed_seconds_wrapped(), 1.0);
-    }
-
-    #[test]
-    fn relative_speed_test() {
-        let start_instant = Instant::now();
-        let mut time = Time::new(start_instant);
-
-        let first_update_instant = Instant::now();
-        time.update_with_instant(first_update_instant);
-
-        // Update `time` again and check results.
-        // At this point its safe to use time.delta().
-        let second_update_instant = Instant::now();
-        time.update_with_instant(second_update_instant);
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(second_update_instant));
-        assert_eq!(time.relative_speed(), 1.0);
-        assert_eq!(time.delta(), second_update_instant - first_update_instant);
-        assert_eq!(
-            time.delta_seconds(),
-            (second_update_instant - first_update_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.delta_seconds_f64(),
-            (second_update_instant - first_update_instant).as_secs_f64(),
-        );
-        assert_eq!(
-            time.raw_delta(),
-            second_update_instant - first_update_instant,
-        );
-        assert_eq!(
-            time.raw_delta_seconds(),
-            (second_update_instant - first_update_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_delta_seconds_f64(),
-            (second_update_instant - first_update_instant).as_secs_f64(),
-        );
-        assert_eq!(time.elapsed(), second_update_instant - start_instant);
-        assert_eq!(
-            time.elapsed_seconds(),
-            (second_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.elapsed_seconds_f64(),
-            (second_update_instant - start_instant).as_secs_f64(),
-        );
-        assert_eq!(time.raw_elapsed(), second_update_instant - start_instant);
-        assert_eq!(
-            time.raw_elapsed_seconds(),
-            (second_update_instant - start_instant).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_elapsed_seconds_f64(),
-            (second_update_instant - start_instant).as_secs_f64(),
-        );
-
-        // Make app time advance at 2x the rate of your system clock.
-        time.set_relative_speed(2.0);
-
-        // Update `time` again 1 second later.
-        let elapsed = Duration::from_secs(1);
-        let third_update_instant = second_update_instant + elapsed;
-        time.update_with_instant(third_update_instant);
-
-        // Since app is advancing 2x your system clock, expect time
-        // to have advanced by twice the amount of real time elapsed.
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(third_update_instant));
-        assert_eq!(time.relative_speed(), 2.0);
-        assert_eq!(time.delta(), elapsed.mul_f32(2.0));
-        assert_eq!(time.delta_seconds(), elapsed.mul_f32(2.0).as_secs_f32());
-        assert_eq!(time.delta_seconds_f64(), elapsed.mul_f32(2.0).as_secs_f64());
-        assert_eq!(time.raw_delta(), elapsed);
-        assert_eq!(time.raw_delta_seconds(), elapsed.as_secs_f32());
-        assert_eq!(time.raw_delta_seconds_f64(), elapsed.as_secs_f64());
-        assert_eq!(
-            time.elapsed(),
-            second_update_instant - start_instant + elapsed.mul_f32(2.0),
-        );
-        assert_eq!(
-            time.elapsed_seconds(),
-            (second_update_instant - start_instant + elapsed.mul_f32(2.0)).as_secs_f32(),
-        );
-        assert_eq!(
-            time.elapsed_seconds_f64(),
-            (second_update_instant - start_instant + elapsed.mul_f32(2.0)).as_secs_f64(),
-        );
-        assert_eq!(
-            time.raw_elapsed(),
-            second_update_instant - start_instant + elapsed,
-        );
-        assert_eq!(
-            time.raw_elapsed_seconds(),
-            (second_update_instant - start_instant + elapsed).as_secs_f32(),
-        );
-        assert_eq!(
-            time.raw_elapsed_seconds_f64(),
-            (second_update_instant - start_instant + elapsed).as_secs_f64(),
-        );
-    }
-
-    #[test]
-    fn pause_test() {
-        let start_instant = Instant::now();
-        let mut time = Time::new(start_instant);
-
-        let first_update_instant = Instant::now();
-        time.update_with_instant(first_update_instant);
-
-        assert!(!time.is_paused());
-        assert_eq!(time.relative_speed(), 1.0);
-
-        time.pause();
-
-        assert!(time.is_paused());
-        assert_eq!(time.relative_speed(), 0.0);
-
-        let second_update_instant = Instant::now();
-        time.update_with_instant(second_update_instant);
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(second_update_instant));
         assert_eq!(time.delta(), Duration::ZERO);
-        assert_eq!(
-            time.raw_delta(),
-            second_update_instant - first_update_instant,
-        );
-        assert_eq!(time.elapsed(), first_update_instant - start_instant);
-        assert_eq!(time.raw_elapsed(), second_update_instant - start_instant);
+        assert_eq!(time.delta_seconds(), 0.0);
+        assert_eq!(time.delta_seconds_f64(), 0.0);
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+        assert_eq!(time.elapsed_seconds(), 0.75);
+        assert_eq!(time.elapsed_seconds_f64(), 0.75);
+    }
 
-        time.unpause();
+    #[test]
+    #[should_panic]
+    fn test_advance_to_backwards_panics() {
+        let mut time: Time = Time::default();
 
-        assert!(!time.is_paused());
-        assert_eq!(time.relative_speed(), 1.0);
+        time.advance_to(Duration::from_millis(750));
 
-        let third_update_instant = Instant::now();
-        time.update_with_instant(third_update_instant);
-        assert_eq!(time.startup(), start_instant);
-        assert_eq!(time.first_update(), Some(first_update_instant));
-        assert_eq!(time.last_update(), Some(third_update_instant));
-        assert_eq!(time.delta(), third_update_instant - second_update_instant);
-        assert_eq!(
-            time.raw_delta(),
-            third_update_instant - second_update_instant,
-        );
-        assert_eq!(
-            time.elapsed(),
-            (third_update_instant - second_update_instant) + (first_update_instant - start_instant),
-        );
-        assert_eq!(time.raw_elapsed(), third_update_instant - start_instant);
+        time.advance_to(Duration::from_millis(250));
+    }
+
+    #[test]
+    fn test_wrapping() {
+        let mut time: Time = Time::default();
+        time.set_wrap_period(Duration::from_secs(3));
+
+        time.advance_by(Duration::from_secs(2));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::from_secs(2));
+        assert_eq!(time.elapsed_seconds_wrapped(), 2.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 2.0);
+
+        time.advance_by(Duration::from_secs(2));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::from_secs(1));
+        assert_eq!(time.elapsed_seconds_wrapped(), 1.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 1.0);
+
+        time.advance_by(Duration::from_secs(2));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::ZERO);
+        assert_eq!(time.elapsed_seconds_wrapped(), 0.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 0.0);
+
+        time.advance_by(Duration::new(3, 250_000_000));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::from_millis(250));
+        assert_eq!(time.elapsed_seconds_wrapped(), 0.25);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 0.25);
+    }
+
+    #[test]
+    fn test_wrapping_change() {
+        let mut time: Time = Time::default();
+        time.set_wrap_period(Duration::from_secs(5));
+
+        time.advance_by(Duration::from_secs(8));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::from_secs(3));
+        assert_eq!(time.elapsed_seconds_wrapped(), 3.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 3.0);
+
+        time.set_wrap_period(Duration::from_secs(2));
+
+        assert_eq!(time.elapsed_wrapped(), Duration::from_secs(3));
+        assert_eq!(time.elapsed_seconds_wrapped(), 3.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 3.0);
+
+        time.advance_by(Duration::ZERO);
+
+        // Time will wrap to modulo duration from full `elapsed()`, not to what
+        // is left in `elapsed_wrapped()`. This test of values is here to ensure
+        // that we notice if we change that behaviour.
+        assert_eq!(time.elapsed_wrapped(), Duration::from_secs(0));
+        assert_eq!(time.elapsed_seconds_wrapped(), 0.0);
+        assert_eq!(time.elapsed_seconds_wrapped_f64(), 0.0);
     }
 }
diff --git a/crates/bevy_time/src/virt.rs b/crates/bevy_time/src/virt.rs
new file mode 100644
index 0000000000..3359132b16
--- /dev/null
+++ b/crates/bevy_time/src/virt.rs
@@ -0,0 +1,437 @@
+use bevy_ecs::system::{Res, ResMut};
+use bevy_reflect::Reflect;
+use bevy_utils::{tracing::warn, Duration};
+
+use crate::{real::Real, time::Time};
+
+/// The virtual game clock representing game time.
+///
+/// A specialization of the [`Time`] structure. **For method documentation, see
+/// [`Time<Virtual>#impl-Time<Virtual>`].**
+///
+/// Normally used as `Time<Virtual>`. It is automatically inserted as a resource
+/// by [`TimePlugin`](crate::TimePlugin) and updated based on
+/// [`Time<Real>`](Real). The virtual clock is automatically set as the default
+/// generic [`Time`] resource for the update.
+///
+/// The virtual clock differs from real time clock in that it can be paused, sped up
+/// and slowed down. It also limits how much it can advance in a single update
+/// in order to prevent unexpected behavior in cases where updates do not happen
+/// at regular intervals (e.g. coming back after the program was suspended a long time).
+///
+/// The virtual clock can be paused by calling [`pause()`](Time::pause) and
+/// unpaused by calling [`unpause()`](Time::unpause). When the game clock is
+/// paused [`delta()`](Time::delta) will be zero on each update, and
+/// [`elapsed()`](Time::elapsed) will not grow.
+/// [`effective_speed()`](Time::effective_speed) will return `0.0`. Calling
+/// [`pause()`](Time::pause) will not affect value the [`delta()`](Time::delta)
+/// value for the update currently being processed.
+///
+/// The speed of the virtual clock can be changed by calling
+/// [`set_relative_speed()`](Time::set_relative_speed). A value of `2.0` means
+/// that virtual clock should advance twice as fast as real time, meaning that
+/// [`delta()`](Time::delta) values will be double of what
+/// [`Time<Real>::delta()`](Time::delta) reports and
+/// [`elapsed()`](Time::elapsed) will go twice as fast as
+/// [`Time<Real>::elapsed()`](Time::elapsed). Calling
+/// [`set_relative_speed()`](Time::set_relative_speed) will not affect the
+/// [`delta()`](Time::delta) value for the update currently being processed.
+///
+/// The maximum amount of delta time that can be added by a single update can be
+/// set by [`set_max_delta()`](Time::set_max_delta). This value serves a dual
+/// purpose in the virtual clock.
+///
+/// If the game temporarily freezes due to any reason, such as disk access, a
+/// blocking system call, or operating system level suspend, reporting the full
+/// elapsed delta time is likely to cause bugs in game logic. Usually if a
+/// laptop is suspended for an hour, it doesn't make sense to try to simulate
+/// the game logic for the elapsed hour when resuming. Instead it is better to
+/// lose the extra time and pretend a shorter duration of time passed. Setting
+/// [`max_delta()`](Time::max_delta) to a relatively short time means that the
+/// impact on game logic will be minimal.
+///
+/// If the game lags for some reason, meaning that it will take a longer time to
+/// compute a frame than the real time that passes during the computation, then
+/// we would fall behind in processing virtual time. If this situation persists,
+/// and computing a frame takes longer depending on how much virtual time has
+/// passed, the game would enter a "death spiral" where computing each frame
+/// takes longer and longer and the game will appear to freeze. By limiting the
+/// maximum time that can be added at once, we also limit the amount of virtual
+/// time the game needs to compute for each frame. This means that the game will
+/// run slow, and it will run slower than real time, but it will not freeze and
+/// it will recover as soon as computation becomes fast again.
+///
+/// You should set [`max_delta()`](Time::max_delta) to a value that is
+/// approximately the minimum FPS your game should have even if heavily lagged
+/// for a moment. The actual FPS when lagged will be somewhat lower than this,
+/// depending on how much more time it takes to compute a frame compared to real
+/// time. You should also consider how stable your FPS is, as the limit will
+/// also dictate how big of an FPS drop you can accept without losing time and
+/// falling behind real time.
+#[derive(Debug, Copy, Clone, Reflect)]
+pub struct Virtual {
+    max_delta: Duration,
+    paused: bool,
+    relative_speed: f64,
+    effective_speed: f64,
+}
+
+impl Time<Virtual> {
+    /// The default amount of time that can added in a single update.
+    ///
+    /// Equal to 250 milliseconds.
+    const DEFAULT_MAX_DELTA: Duration = Duration::from_millis(250);
+
+    /// Create new virtual clock with given maximum delta step [`Duration`]
+    ///
+    /// # Panics
+    ///
+    /// Panics if `max_delta` is zero.
+    pub fn from_max_delta(max_delta: Duration) -> Self {
+        let mut ret = Self::default();
+        ret.set_max_delta(max_delta);
+        ret
+    }
+
+    /// Returns the maximum amount of time that can be added to this clock by a
+    /// single update, as [`Duration`].
+    ///
+    /// This is the maximum value [`Self::delta()`] will return and also to
+    /// maximum time [`Self::elapsed()`] will be increased by in a single
+    /// update.
+    ///
+    /// This ensures that even if no updates happen for an extended amount of time,
+    /// the clock will not have a sudden, huge advance all at once. This also indirectly
+    /// limits the maximum number of fixed update steps that can run in a single update.
+    ///
+    /// The default value is 250 milliseconds.
+    #[inline]
+    pub fn max_delta(&self) -> Duration {
+        self.context().max_delta
+    }
+
+    /// Sets the maximum amount of time that can be added to this clock by a
+    /// single update, as [`Duration`].
+    ///
+    /// This is the maximum value [`Self::delta()`] will return and also to
+    /// maximum time [`Self::elapsed()`] will be increased by in a single
+    /// update.
+    ///
+    /// This is used to ensure that even if the game freezes for a few seconds,
+    /// or is suspended for hours or even days, the virtual clock doesn't
+    /// suddenly jump forward for that full amount, which would likely cause
+    /// gameplay bugs or having to suddenly simulate all the intervening time.
+    ///
+    /// If no updates happen for an extended amount of time, this limit prevents
+    /// having a sudden, huge advance all at once. This also indirectly limits
+    /// the maximum number of fixed update steps that can run in a single
+    /// update.
+    ///
+    /// The default value is 250 milliseconds. If you want to disable this
+    /// feature, set the value to [`Duration::MAX`].
+    ///
+    /// # Panics
+    ///
+    /// Panics if `max_delta` is zero.
+    #[inline]
+    pub fn set_max_delta(&mut self, max_delta: Duration) {
+        assert_ne!(max_delta, Duration::ZERO, "tried to set max delta to zero");
+        self.context_mut().max_delta = max_delta;
+    }
+
+    /// Returns the speed the clock advances relative to your system clock, as [`f32`].
+    /// This is known as "time scaling" or "time dilation" in other engines.
+    #[inline]
+    pub fn relative_speed(&self) -> f32 {
+        self.relative_speed_f64() as f32
+    }
+
+    /// Returns the speed the clock advances relative to your system clock, as [`f64`].
+    /// This is known as "time scaling" or "time dilation" in other engines.
+    #[inline]
+    pub fn relative_speed_f64(&self) -> f64 {
+        self.context().relative_speed
+    }
+
+    /// Returns the speed the clock advanced relative to your system clock in
+    /// this update, as [`f32`].
+    ///
+    /// Returns `0.0` if the game was paused or what the `relative_speed` value
+    /// was at the start of this update.
+    #[inline]
+    pub fn effective_speed(&self) -> f32 {
+        self.context().effective_speed as f32
+    }
+
+    /// Returns the speed the clock advanced relative to your system clock in
+    /// this update, as [`f64`].
+    ///
+    /// Returns `0.0` if the game was paused or what the `relative_speed` value
+    /// was at the start of this update.
+    #[inline]
+    pub fn effective_speed_f64(&self) -> f64 {
+        self.context().effective_speed
+    }
+
+    /// Sets the speed the clock advances relative to your system clock, given as an [`f32`].
+    ///
+    /// For example, setting this to `2.0` will make the clock advance twice as fast as your system
+    /// clock.
+    ///
+    /// # Panics
+    ///
+    /// Panics if `ratio` is negative or not finite.
+    #[inline]
+    pub fn set_relative_speed(&mut self, ratio: f32) {
+        self.set_relative_speed_f64(ratio as f64);
+    }
+
+    /// Sets the speed the clock advances relative to your system clock, given as an [`f64`].
+    ///
+    /// For example, setting this to `2.0` will make the clock advance twice as fast as your system
+    /// clock.
+    ///
+    /// # Panics
+    ///
+    /// Panics if `ratio` is negative or not finite.
+    #[inline]
+    pub fn set_relative_speed_f64(&mut self, ratio: f64) {
+        assert!(ratio.is_finite(), "tried to go infinitely fast");
+        assert!(ratio >= 0.0, "tried to go back in time");
+        self.context_mut().relative_speed = ratio;
+    }
+
+    /// Stops the clock, preventing it from advancing until resumed.
+    #[inline]
+    pub fn pause(&mut self) {
+        self.context_mut().paused = true;
+    }
+
+    /// Resumes the clock if paused.
+    #[inline]
+    pub fn unpause(&mut self) {
+        self.context_mut().paused = false;
+    }
+
+    /// Returns `true` if the clock is currently paused.
+    #[inline]
+    pub fn is_paused(&self) -> bool {
+        self.context().paused
+    }
+
+    /// Returns `true` if the clock was paused at the start of this update.
+    #[inline]
+    pub fn was_paused(&self) -> bool {
+        self.context().effective_speed == 0.0
+    }
+
+    /// Updates the elapsed duration of `self` by `raw_delta`, up to the `max_delta`.
+    fn advance_with_raw_delta(&mut self, raw_delta: Duration) {
+        let max_delta = self.context().max_delta;
+        let clamped_delta = if raw_delta > max_delta {
+            warn!(
+                "delta time larger than maximum delta, clamping delta to {:?} and skipping {:?}",
+                max_delta,
+                raw_delta - max_delta
+            );
+            max_delta
+        } else {
+            raw_delta
+        };
+        let effective_speed = if self.context().paused {
+            0.0
+        } else {
+            self.context().relative_speed
+        };
+        let delta = if effective_speed != 1.0 {
+            clamped_delta.mul_f64(effective_speed)
+        } else {
+            // avoid rounding when at normal speed
+            clamped_delta
+        };
+        self.context_mut().effective_speed = effective_speed;
+        self.advance_by(delta);
+    }
+}
+
+impl Default for Virtual {
+    fn default() -> Self {
+        Self {
+            max_delta: Time::<Virtual>::DEFAULT_MAX_DELTA,
+            paused: false,
+            relative_speed: 1.0,
+            effective_speed: 1.0,
+        }
+    }
+}
+
+/// Advances [`Time<Virtual>`] and [`Time`] based on the elapsed [`Time<Real>`].
+///
+/// The virtual time will be advanced up to the provided [`Time::max_delta`].
+pub fn virtual_time_system(
+    mut current: ResMut<Time>,
+    mut virt: ResMut<Time<Virtual>>,
+    real: Res<Time<Real>>,
+) {
+    let raw_delta = real.delta();
+    virt.advance_with_raw_delta(raw_delta);
+    *current = virt.as_generic();
+}
+
+#[cfg(test)]
+mod test {
+    use super::*;
+
+    #[test]
+    fn test_default() {
+        let time = Time::<Virtual>::default();
+
+        assert!(!time.is_paused()); // false
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.max_delta(), Time::<Virtual>::DEFAULT_MAX_DELTA);
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::ZERO);
+    }
+
+    #[test]
+    fn test_advance() {
+        let mut time = Time::<Virtual>::default();
+
+        time.advance_with_raw_delta(Duration::from_millis(125));
+
+        assert_eq!(time.delta(), Duration::from_millis(125));
+        assert_eq!(time.elapsed(), Duration::from_millis(125));
+
+        time.advance_with_raw_delta(Duration::from_millis(125));
+
+        assert_eq!(time.delta(), Duration::from_millis(125));
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+
+        time.advance_with_raw_delta(Duration::from_millis(125));
+
+        assert_eq!(time.delta(), Duration::from_millis(125));
+        assert_eq!(time.elapsed(), Duration::from_millis(375));
+
+        time.advance_with_raw_delta(Duration::from_millis(125));
+
+        assert_eq!(time.delta(), Duration::from_millis(125));
+        assert_eq!(time.elapsed(), Duration::from_millis(500));
+    }
+
+    #[test]
+    fn test_relative_speed() {
+        let mut time = Time::<Virtual>::default();
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 1.0);
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+
+        time.set_relative_speed_f64(2.0);
+
+        assert_eq!(time.relative_speed(), 2.0);
+        assert_eq!(time.effective_speed(), 1.0);
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert_eq!(time.relative_speed(), 2.0);
+        assert_eq!(time.effective_speed(), 2.0);
+        assert_eq!(time.delta(), Duration::from_millis(500));
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+
+        time.set_relative_speed_f64(0.5);
+
+        assert_eq!(time.relative_speed(), 0.5);
+        assert_eq!(time.effective_speed(), 2.0);
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert_eq!(time.relative_speed(), 0.5);
+        assert_eq!(time.effective_speed(), 0.5);
+        assert_eq!(time.delta(), Duration::from_millis(125));
+        assert_eq!(time.elapsed(), Duration::from_millis(875));
+    }
+
+    #[test]
+    fn test_pause() {
+        let mut time = Time::<Virtual>::default();
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert!(!time.is_paused()); // false
+        assert!(!time.was_paused()); // false
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 1.0);
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+
+        time.pause();
+
+        assert!(time.is_paused()); // true
+        assert!(!time.was_paused()); // false
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 1.0);
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert!(time.is_paused()); // true
+        assert!(time.was_paused()); // true
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 0.0);
+        assert_eq!(time.delta(), Duration::ZERO);
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+
+        time.unpause();
+
+        assert!(!time.is_paused()); // false
+        assert!(time.was_paused()); // true
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 0.0);
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert!(!time.is_paused()); // false
+        assert!(!time.was_paused()); // false
+        assert_eq!(time.relative_speed(), 1.0);
+        assert_eq!(time.effective_speed(), 1.0);
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.elapsed(), Duration::from_millis(500));
+    }
+
+    #[test]
+    fn test_max_delta() {
+        let mut time = Time::<Virtual>::default();
+        time.set_max_delta(Duration::from_millis(500));
+
+        time.advance_with_raw_delta(Duration::from_millis(250));
+
+        assert_eq!(time.delta(), Duration::from_millis(250));
+        assert_eq!(time.elapsed(), Duration::from_millis(250));
+
+        time.advance_with_raw_delta(Duration::from_millis(500));
+
+        assert_eq!(time.delta(), Duration::from_millis(500));
+        assert_eq!(time.elapsed(), Duration::from_millis(750));
+
+        time.advance_with_raw_delta(Duration::from_millis(750));
+
+        assert_eq!(time.delta(), Duration::from_millis(500));
+        assert_eq!(time.elapsed(), Duration::from_millis(1250));
+
+        time.set_max_delta(Duration::from_secs(1));
+
+        assert_eq!(time.max_delta(), Duration::from_secs(1));
+
+        time.advance_with_raw_delta(Duration::from_millis(750));
+
+        assert_eq!(time.delta(), Duration::from_millis(750));
+        assert_eq!(time.elapsed(), Duration::from_millis(2000));
+
+        time.advance_with_raw_delta(Duration::from_millis(1250));
+
+        assert_eq!(time.delta(), Duration::from_millis(1000));
+        assert_eq!(time.elapsed(), Duration::from_millis(3000));
+    }
+}
diff --git a/examples/2d/rotation.rs b/examples/2d/rotation.rs
index 8f5e7fa6d6..3154a14332 100644
--- a/examples/2d/rotation.rs
+++ b/examples/2d/rotation.rs
@@ -2,13 +2,12 @@
 
 use bevy::prelude::*;
 
-const TIME_STEP: f32 = 1.0 / 60.0;
 const BOUNDS: Vec2 = Vec2::new(1200.0, 640.0);
 
 fn main() {
     App::new()
         .add_plugins(DefaultPlugins)
-        .insert_resource(FixedTime::new_from_secs(TIME_STEP))
+        .insert_resource(Time::<Fixed>::from_hz(60.0))
         .add_systems(Startup, setup)
         .add_systems(
             FixedUpdate,
@@ -117,6 +116,7 @@ fn setup(mut commands: Commands, asset_server: Res<AssetServer>) {
 
 /// Demonstrates applying rotation and movement based on keyboard input.
 fn player_movement_system(
+    time: Res<Time>,
     keyboard_input: Res<Input<KeyCode>>,
     mut query: Query<(&Player, &mut Transform)>,
 ) {
@@ -138,12 +138,14 @@ fn player_movement_system(
     }
 
     // update the ship rotation around the Z axis (perpendicular to the 2D plane of the screen)
-    transform.rotate_z(rotation_factor * ship.rotation_speed * TIME_STEP);
+    transform.rotate_z(rotation_factor * ship.rotation_speed * time.delta_seconds());
 
-    // get the ship's forward vector by applying the current rotation to the ships initial facing vector
+    // get the ship's forward vector by applying the current rotation to the ships initial facing
+    // vector
     let movement_direction = transform.rotation * Vec3::Y;
-    // get the distance the ship will move based on direction, the ship's movement speed and delta time
-    let movement_distance = movement_factor * ship.movement_speed * TIME_STEP;
+    // get the distance the ship will move based on direction, the ship's movement speed and delta
+    // time
+    let movement_distance = movement_factor * ship.movement_speed * time.delta_seconds();
     // create the change in translation using the new movement direction and distance
     let translation_delta = movement_direction * movement_distance;
     // update the ship translation with our new translation delta
@@ -182,8 +184,8 @@ fn snap_to_player_system(
 /// if not, which way to rotate to face the player. The dot product on two unit length vectors
 /// will return a value between -1.0 and +1.0 which tells us the following about the two vectors:
 ///
-/// * If the result is 1.0 the vectors are pointing in the same direction, the angle between them
-///   is 0 degrees.
+/// * If the result is 1.0 the vectors are pointing in the same direction, the angle between them is
+///   0 degrees.
 /// * If the result is 0.0 the vectors are perpendicular, the angle between them is 90 degrees.
 /// * If the result is -1.0 the vectors are parallel but pointing in opposite directions, the angle
 ///   between them is 180 degrees.
@@ -198,6 +200,7 @@ fn snap_to_player_system(
 /// floating point precision loss, so it pays to clamp your dot product value before calling
 /// `acos`.
 fn rotate_to_player_system(
+    time: Res<Time>,
     mut query: Query<(&RotateToPlayer, &mut Transform), Without<Player>>,
     player_query: Query<&Transform, With<Player>>,
 ) {
@@ -242,7 +245,8 @@ fn rotate_to_player_system(
         let max_angle = forward_dot_player.clamp(-1.0, 1.0).acos(); // clamp acos for safety
 
         // calculate angle of rotation with limit
-        let rotation_angle = rotation_sign * (config.rotation_speed * TIME_STEP).min(max_angle);
+        let rotation_angle =
+            rotation_sign * (config.rotation_speed * time.delta_seconds()).min(max_angle);
 
         // rotate the enemy to face the player
         enemy_transform.rotate_z(rotation_angle);
diff --git a/examples/README.md b/examples/README.md
index 53918f152b..a54765b500 100644
--- a/examples/README.md
+++ b/examples/README.md
@@ -233,6 +233,7 @@ Example | Description
 [System Closure](../examples/ecs/system_closure.rs) | Show how to use closures as systems, and how to configure `Local` variables by capturing external state
 [System Parameter](../examples/ecs/system_param.rs) | Illustrates creating custom system parameters with `SystemParam`
 [System Piping](../examples/ecs/system_piping.rs) | Pipe the output of one system into a second, allowing you to handle any errors gracefully
+[Time handling](../examples/ecs/time.rs) | Explains how Time is handled in ECS
 [Timers](../examples/ecs/timers.rs) | Illustrates ticking `Timer` resources inside systems and handling their state
 
 ## Games
diff --git a/examples/ecs/fixed_timestep.rs b/examples/ecs/fixed_timestep.rs
index 8a2fcabfef..7203309740 100644
--- a/examples/ecs/fixed_timestep.rs
+++ b/examples/ecs/fixed_timestep.rs
@@ -2,7 +2,6 @@
 
 use bevy::prelude::*;
 
-const FIXED_TIMESTEP: f32 = 0.5;
 fn main() {
     App::new()
         .add_plugins(DefaultPlugins)
@@ -11,28 +10,31 @@ fn main() {
         // add our system to the fixed timestep schedule
         .add_systems(FixedUpdate, fixed_update)
         // configure our fixed timestep schedule to run twice a second
-        .insert_resource(FixedTime::new_from_secs(FIXED_TIMESTEP))
+        .insert_resource(Time::<Fixed>::from_seconds(0.5))
         .run();
 }
 
 fn frame_update(mut last_time: Local<f32>, time: Res<Time>) {
+    // Default `Time` is `Time<Virtual>` here
     info!(
         "time since last frame_update: {}",
-        time.raw_elapsed_seconds() - *last_time
+        time.elapsed_seconds() - *last_time
     );
-    *last_time = time.raw_elapsed_seconds();
+    *last_time = time.elapsed_seconds();
 }
 
-fn fixed_update(mut last_time: Local<f32>, time: Res<Time>, fixed_time: Res<FixedTime>) {
+fn fixed_update(mut last_time: Local<f32>, time: Res<Time>, fixed_time: Res<Time<Fixed>>) {
+    // Default `Time`is `Time<Fixed>` here
     info!(
         "time since last fixed_update: {}\n",
-        time.raw_elapsed_seconds() - *last_time
+        time.elapsed_seconds() - *last_time
     );
 
-    info!("fixed timestep: {}\n", FIXED_TIMESTEP);
+    info!("fixed timestep: {}\n", time.delta_seconds());
+    // If we want to see the overstep, we need to access `Time<Fixed>` specifically
     info!(
         "time accrued toward next fixed_update: {}\n",
-        fixed_time.accumulated().as_secs_f32()
+        fixed_time.overstep().as_secs_f32()
     );
-    *last_time = time.raw_elapsed_seconds();
+    *last_time = time.elapsed_seconds();
 }
diff --git a/examples/ecs/iter_combinations.rs b/examples/ecs/iter_combinations.rs
index 7373b2bcdb..363dfc726c 100644
--- a/examples/ecs/iter_combinations.rs
+++ b/examples/ecs/iter_combinations.rs
@@ -3,8 +3,6 @@
 use bevy::{pbr::AmbientLight, prelude::*};
 use rand::{rngs::StdRng, Rng, SeedableRng};
 
-const DELTA_TIME: f32 = 0.01;
-
 fn main() {
     App::new()
         .add_plugins(DefaultPlugins)
@@ -13,7 +11,6 @@ fn main() {
             ..default()
         })
         .insert_resource(ClearColor(Color::BLACK))
-        .insert_resource(FixedTime::new_from_secs(DELTA_TIME))
         .add_systems(Startup, generate_bodies)
         .add_systems(FixedUpdate, (interact_bodies, integrate))
         .add_systems(Update, look_at_star)
@@ -41,6 +38,7 @@ struct BodyBundle {
 }
 
 fn generate_bodies(
+    time: Res<Time>,
     mut commands: Commands,
     mut meshes: ResMut<Assets<Mesh>>,
     mut materials: ResMut<Assets<StandardMaterial>>,
@@ -96,7 +94,7 @@ fn generate_bodies(
                         rng.gen_range(vel_range.clone()),
                         rng.gen_range(vel_range.clone()),
                         rng.gen_range(vel_range.clone()),
-                    ) * DELTA_TIME,
+                    ) * time.delta_seconds(),
             ),
         });
     }
@@ -160,8 +158,8 @@ fn interact_bodies(mut query: Query<(&Mass, &GlobalTransform, &mut Acceleration)
     }
 }
 
-fn integrate(mut query: Query<(&mut Acceleration, &mut Transform, &mut LastPos)>) {
-    let dt_sq = DELTA_TIME * DELTA_TIME;
+fn integrate(time: Res<Time>, mut query: Query<(&mut Acceleration, &mut Transform, &mut LastPos)>) {
+    let dt_sq = time.delta_seconds() * time.delta_seconds();
     for (mut acceleration, mut transform, mut last_pos) in &mut query {
         // verlet integration
         // x(t+dt) = 2x(t) - x(t-dt) + a(t)dt^2 + O(dt^4)
diff --git a/examples/ecs/time.rs b/examples/ecs/time.rs
new file mode 100644
index 0000000000..653a63bb92
--- /dev/null
+++ b/examples/ecs/time.rs
@@ -0,0 +1,115 @@
+use bevy::prelude::*;
+
+use std::io::{self, BufRead};
+use std::time::Duration;
+
+fn banner() {
+    println!("This example is meant to intuitively demonstrate how Time works in Bevy.");
+    println!();
+    println!("Time will be printed in three different schedules in the app:");
+    println!("- PreUpdate: real time is printed");
+    println!("- FixedUpdate: fixed time step time is printed, may be run zero or multiple times");
+    println!("- Update: virtual game time is printed");
+    println!();
+    println!("Max delta time is set to 5 seconds. Fixed timestep is set to 1 second.");
+    println!();
+}
+
+fn help() {
+    println!("The app reads commands line-by-line from standard input.");
+    println!();
+    println!("Commands:");
+    println!("  empty line: Run app.update() once on the Bevy App");
+    println!("  q: Quit the app.");
+    println!("  f: Set speed to fast, 2x");
+    println!("  n: Set speed to normal, 1x");
+    println!("  n: Set speed to slow, 0.5x");
+    println!("  p: Pause");
+    println!("  u: Unpause");
+}
+
+fn runner(mut app: App) {
+    banner();
+    help();
+    let stdin = io::stdin();
+    for line in stdin.lock().lines() {
+        if let Err(err) = line {
+            println!("read err: {:#}", err);
+            break;
+        }
+        match line.unwrap().as_str() {
+            "" => {
+                app.update();
+            }
+            "f" => {
+                println!("FAST: setting relative speed to 2x");
+                app.world
+                    .resource_mut::<Time<Virtual>>()
+                    .set_relative_speed(2.0);
+            }
+            "n" => {
+                println!("NORMAL: setting relative speed to 1x");
+                app.world
+                    .resource_mut::<Time<Virtual>>()
+                    .set_relative_speed(1.0);
+            }
+            "s" => {
+                println!("SLOW: setting relative speed to 0.5x");
+                app.world
+                    .resource_mut::<Time<Virtual>>()
+                    .set_relative_speed(0.5);
+            }
+            "p" => {
+                println!("PAUSE: pausing virtual clock");
+                app.world.resource_mut::<Time<Virtual>>().pause();
+            }
+            "u" => {
+                println!("UNPAUSE: resuming virtual clock");
+                app.world.resource_mut::<Time<Virtual>>().unpause();
+            }
+            "q" => {
+                println!("QUITTING!");
+                break;
+            }
+            _ => {
+                help();
+            }
+        }
+    }
+}
+
+fn print_real_time(time: Res<Time<Real>>) {
+    println!(
+        "PreUpdate: this is real time clock, delta is {:?} and elapsed is {:?}",
+        time.delta(),
+        time.elapsed()
+    );
+}
+
+fn print_fixed_time(time: Res<Time>) {
+    println!(
+        "FixedUpdate: this is generic time clock inside fixed, delta is {:?} and elapsed is {:?}",
+        time.delta(),
+        time.elapsed()
+    );
+}
+
+fn print_time(time: Res<Time>) {
+    println!(
+        "Update: this is generic time clock, delta is {:?} and elapsed is {:?}",
+        time.delta(),
+        time.elapsed()
+    );
+}
+
+fn main() {
+    App::new()
+        .add_plugins(MinimalPlugins)
+        .insert_resource(Time::<Virtual>::from_max_delta(Duration::from_secs(5)))
+        .insert_resource(Time::<Fixed>::from_duration(Duration::from_secs(1)))
+        .add_systems(PreUpdate, print_real_time)
+        .add_systems(FixedUpdate, print_fixed_time)
+        .add_systems(Update, print_time)
+        .set_runner(runner)
+        .run();
+}
diff --git a/examples/games/breakout.rs b/examples/games/breakout.rs
index 739caf92a1..233eaee48a 100644
--- a/examples/games/breakout.rs
+++ b/examples/games/breakout.rs
@@ -53,10 +53,9 @@ fn main() {
         .insert_resource(Scoreboard { score: 0 })
         .insert_resource(ClearColor(BACKGROUND_COLOR))
         .add_event::<CollisionEvent>()
-        // Configure how frequently our gameplay systems are run
-        .insert_resource(FixedTime::new_from_secs(1.0 / 60.0))
         .add_systems(Startup, setup)
         // Add our gameplay simulation systems to the fixed timestep schedule
+        // which runs at 64 Hz by default
         .add_systems(
             FixedUpdate,
             (
@@ -306,7 +305,7 @@ fn setup(
 fn move_paddle(
     keyboard_input: Res<Input<KeyCode>>,
     mut query: Query<&mut Transform, With<Paddle>>,
-    time_step: Res<FixedTime>,
+    time: Res<Time>,
 ) {
     let mut paddle_transform = query.single_mut();
     let mut direction = 0.0;
@@ -321,7 +320,7 @@ fn move_paddle(
 
     // Calculate the new horizontal paddle position based on player input
     let new_paddle_position =
-        paddle_transform.translation.x + direction * PADDLE_SPEED * time_step.period.as_secs_f32();
+        paddle_transform.translation.x + direction * PADDLE_SPEED * time.delta_seconds();
 
     // Update the paddle position,
     // making sure it doesn't cause the paddle to leave the arena
@@ -331,10 +330,10 @@ fn move_paddle(
     paddle_transform.translation.x = new_paddle_position.clamp(left_bound, right_bound);
 }
 
-fn apply_velocity(mut query: Query<(&mut Transform, &Velocity)>, time_step: Res<FixedTime>) {
+fn apply_velocity(mut query: Query<(&mut Transform, &Velocity)>, time: Res<Time>) {
     for (mut transform, velocity) in &mut query {
-        transform.translation.x += velocity.x * time_step.period.as_secs_f32();
-        transform.translation.y += velocity.y * time_step.period.as_secs_f32();
+        transform.translation.x += velocity.x * time.delta_seconds();
+        transform.translation.y += velocity.y * time.delta_seconds();
     }
 }
 
diff --git a/examples/stress_tests/bevymark.rs b/examples/stress_tests/bevymark.rs
index 34112ebd7e..72baca9e7b 100644
--- a/examples/stress_tests/bevymark.rs
+++ b/examples/stress_tests/bevymark.rs
@@ -10,6 +10,7 @@ use bevy::{
     prelude::*,
     render::render_resource::{Extent3d, TextureDimension, TextureFormat},
     sprite::{MaterialMesh2dBundle, Mesh2dHandle},
+    utils::Duration,
     window::{PresentMode, WindowResolution},
 };
 use rand::{rngs::StdRng, seq::SliceRandom, Rng, SeedableRng};
@@ -123,7 +124,9 @@ fn main() {
                 counter_system,
             ),
         )
-        .insert_resource(FixedTime::new_from_secs(FIXED_TIMESTEP))
+        .insert_resource(Time::<Fixed>::from_duration(Duration::from_secs_f32(
+            FIXED_TIMESTEP,
+        )))
         .run();
 }