How Much Should I Put In My 401K Each Month?

How much should I put in my 401K each month? Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15% and 20% of gross income. These contributions could be made into a 401(k) plan, 401(k) match received from an employer, IRA, Roth IRA, and/or taxable accounts.

What is a good amount to contribute to 401K?

In fact, most financial experts will suggest investing 15% of your income annually in a retirement account (including any employer contribution). With 401(k)s, or employer-sponsored retirement plans, you may find that your company offers a match if you contribute a certain amount.

How much should I be saving for retirement?

When saving for retirement, most experts recommend an annual retirement savings goal of 10% to 15% of your pre-tax income. High earners generally want to hit the top of that range; low earners can typically hover closer to the bottom since Social Security may replace more of their income.


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