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🔺 r/personalfinanceuEntire_Issue9506·49 days ago

Maxing 401K contributions

Is retirement really as simple as it seems? I’m early 30s, and am fortunate enough to be able to contribute the max amount to my 401k per year. If I run the math, depending on interest rates I would retire at 65 with roughly 6-7M, obviously there’ll be taxes paid on that, but I think I would be comfortable in retirement at 3M net. Of course I’m trying to take advantage of other investments, but worst case maxing 401k is relatively safe, or am I over simplifying it? submitted by /u/Entire_Issue9506 to r/personalfinance [link] [comments]
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Personal Finance
Personal finance in the USA — budgeting, investing, taxes.

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