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View Full Version : You earn $35,000 per year and are paid bi-weekly. You want to have $500,000 in your


kaylanhaughney
May 2, 2017, 03:56 PM
You earn $35,000 per year and are paid bi-weekly. You want to have $500,000 in your 401(k) 35 years from now and you think that your investments can earn 7.75%. Your company will match contributions 60% up to 10% of your salary. How much of your salary should you contribute?

ma0641
May 2, 2017, 06:21 PM
Ask Vanguard or T Rowe Price, we don't do homework for you. It is all about compounding and future value of money.

ScottGem
May 3, 2017, 11:41 AM
The strategy I go by is to contribute enough to your 401K to get the maximum company match.