A 1% difference in your contribution strategy can have a big impact over time.
Take a look at simulations from the New York Times to see how even a small adjustment in your 401k investment strategy can add up to big increases to your bottom line.
Source: New York Times, The 1% More Calculator
—
Starting salary of $50,000
At a starting salary of $50,000, you could save an extra $81,347 to $756,876 over 30 years
Starting salary of $75,000
At a starting salary of $75,000, you could save an extra $122,021 to $1,135,314 over 30 years
Starting salary of $100,000
At a starting salary of $100,000, you could save an extra $162,695 to $1,513,752 over 30 years
Starting salary of $150,000
At a starting salary of $150,000, you could save an extra $244,042 to $2,270,628 over 30 years
Starting salary of $200,000
At a starting salary of $200,000, you could save an extra $325,389 to $3,027,504 over 30 years
