Retire Plan

your first job

Same job, same 6%. Started at 22 it ends at 65 with $839K. Started at 32, $465K.

That is the first-job plan on the planner's expected path. Ten years of waiting cost $375K, and the late starter put in only $43K less.

You asked for the link. The planner every chart came from is one tap away; the slides are below if you want them again.

Open the planner Type in one paycheck. About three minutes, in the browser.

Three things to do before open enrollment closes.

1. 01
   Find the 401K form.It is in the benefits portal or with HR. It takes five minutes.
2. 02
   Put in at least what the match needs.Usually 3% to 6%. Under that, you are turning down part of your pay.
3. 03
   Run your own paycheck through the planner.Type it in once and it shows what each percent does over a career.

Sources: The first-job plan: $60,000 at 22 with 3% raises, 6% into a 401K with a 3% match, 5% real return, 2026 dollars, expected path.; Engine output, expected path, 2026 dollars..

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