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Here's How Much You'd Need to Put in Your 401(k) to Save $1 Million in 25 Years
Saving for retirement takes decades of consistent work, but it's more important than ever to have a healthy nest egg heading into your senior years.While the amount you should aim to save by retirement age will depend on your unique circumstances, a common goal is to have a nest egg worth at least $1 million. If you have 25 years to invest, here's what you might need to contribute each month to your 401(k) to reach that goal.Image source: Getty Images.Continue reading
Saving for retirement takes decades of consistent work, but it's more important than ever to have a healthy nest egg heading into your senior years.
While the amount you should aim to save by retirement age will depend on your unique circumstances, a common goal is to have a nest egg worth at least $1 million. If you have 25 years to invest, here's what you might need to contribute each month to your 401(k) to reach that goal.
Image source: Getty Images.
