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401k plans are one of the most popular ways to fund your retirement in the u.s as of 2020 around 60 million americans use the tax advantage accounts to save for their future 401k contributions are capped at 19 500 per year for most workers in 2021 but uncle sam often updates the limit to keep up with inflation cnbc crunched the numbers and we can tell you how much youll have for retirement if you put 100 per week into your 401k for your entire career first some disclaimers the math assumes that you will invest in your 401k starting at age 22 that your investments will earn 4 returns and that you plan to retire at age 67. the numbers do not account for future changes to contribution limits employer matches or any curveballs that life may throw at you so plan ingly now lets dive into the figures putting 100 into your 401k from age 22 until you retire will cost you about 5 200 per year for 45 years this will leave your total contribution at about 230 000 out of pocket but thanks to comp
