|
AGE |
CONTRIBUTION |
INPUT TO DATE |
YEAR END VALUE |
|
21 |
$1,000.00 |
$1,000.00 |
$1,080.00 |
|
22 |
$1,000.00 |
$2,000.00 |
$2,246.00 |
|
23 |
$1,000.00 |
$3,000.00 |
$3,506.00 |
|
24 |
$1,000.00 |
$4,000.00 |
$4,867.00 |
|
25 |
$1,000.00 |
$5,000.00 |
$6,336.00 |
|
26 |
$1,000.00 |
$6,000.00 |
$7,923.00 |
|
27 |
$1,000.00 |
$7,000.00 |
$9,637.00 |
|
28 |
$1,000.00 |
$8,000.00 |
$11,488.00 |
|
29 |
$1,000.00 |
$9,000.00 |
$13,487.00 |
|
30 |
$1,000.00 |
$10,000.00 |
$15,645.00 |
|
31 |
$1,000.00 |
$11,000.00 |
$17,977.00 |
|
32 |
$1,000.00 |
$12,000.00 |
$20,495.00 |
|
33 |
$1,000.00 |
$13,000.00 |
$23,215.00 |
|
34 |
$1,000.00 |
$14,000.00 |
$26,152.00 |
|
35 |
$1,000.00 |
$15,000.00 |
$29,324.00 |
|
AGE |
CONTRIBUTION |
INPUT TO DATE |
YEAR END VALUE |
|
36 |
$0.00 |
$15,000.00 |
$31,670.00 |
|
37 |
$0.00 |
$15,000.00 |
$34,204.00 |
|
38 |
$0.00 |
$15,000.00 |
$36,940.00 |
|
39 |
$0.00 |
$15,000.00 |
$39,895.00 |
|
40 |
$0.00 |
$15,000.00 |
$43,087.00 |
|
41 |
$0.00 |
$15,000.00 |
$46,534.00 |
|
42 |
$0.00 |
$15,000.00 |
$50,257.00 |
|
43 |
$0.00 |
$15,000.00 |
$54,277.00 |
|
44 |
$0.00 |
$15,000.00 |
$58,619.00 |
|
45 |
$0.00 |
$15,000.00 |
$63,309.00 |
|
46 |
$0.00 |
$15,000.00 |
$68,374.00 |
|
47 |
$0.00 |
$15,000.00 |
$73,844.00 |
|
48 |
$0.00 |
$15,000.00 |
$79,751.00 |
|
49 |
$0.00 |
$15,000.00 |
$86,131.00 |
|
50 |
$0.00 |
$15,000.00 |
$93,022.00 |
|
AGE |
CONTRIBUTION |
INPUT TO DATE |
YEAR END VALUE |
|
51 |
$0.00 |
$15,000.00 |
$100,463.00 |
|
52 |
$0.00 |
$15,000.00 |
$108,500.00 |
|
53 |
$0.00 |
$15,000.00 |
$117,180.00 |
|
54 |
$0.00 |
$15,000.00 |
$126,555.00 |
|
55 |
$0.00 |
$15,000.00 |
$136,679.00 |
|
56 |
$0.00 |
$15,000.00 |
$147,614.00 |
|
57 |
$0.00 |
$15,000.00 |
$159,423.00 |
|
58 |
$0.00 |
$15,000.00 |
$172,176.00 |
|
59 |
$0.00 |
$15,000.00 |
$185,951.00 |
|
60 |
$0.00 |
$15,000.00 |
$200,827.00 |
|
61 |
$0.00 |
$15,000.00 |
$216,893.00 |
|
62 |
$0.00 |
$15,000.00 |
$234,244.00 |
|
63 |
$0.00 |
$15,000.00 |
$252,984.00 |
|
64 |
$0.00 |
$15,000.00 |
$273,222.00 |
|
65 |
$0.00 |
$15,000.00 |
$295,080.00 |
|
Dollars put into a 401(k) Plan today make a big difference when you retire. The sooner you begin participation, the faster your money grows! For example, this chart shows the average individual setting aside just $1,000 per year for only 15 years starting at age 21 and receiving interest of 8% on their 401(k) Savings Plan.
Look what a dramatic amount of money is accumulated at age 50
Then look at age 65!!!
|
