How Much Will I Have When I Retire If I Max Out My 401(k)?
Among Americans who contribute to 401(k) or similar retirement plan, the most common contribution amount is just enough to take advantage of the employer match. For example, if an employer is willing to match its employees' contributions dollar-for-dollar up to 5% of salary, the average worker will contribute 5% of their salary to take advantage.
While this is certainly a good start, you're allowed to contribute a lot more to your 401(k) than your employer is likely willing to match. Here's how much you could end up with if you decide to max out your 401(k) contributions in 2018, and every year after that.
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Source: Fool.com
