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Not only back then would lives be saved, but even to this very day.
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WW! created social & technological advances. Without these advances, the world would have seen different development progress.
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War World 1 would have not been avoidable, simply because there were too many conflicts going on anyway. Tensions were very high & countries were on the verge of tipping over.
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The Treaty of Versailles would never have been signed and Germany would have not have had to give up land & pay for the repairs of the war.
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Without WW2, there is a possibility the world could have seen a place without the violence of the Holocaust, in the 1940's.