Your starting pay is $55,000 per year. One of your benefits with SWA is a 9.3%...
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Your starting pay is $55,000 per year. One of your benefits with SWA is a 9.3% dollar-for-dollar match in their 401k retirement plan. Your goal is to retire in 40 years with a minimum of $3,000,000 in your 401k retirement plan. Use the table below to calculate how much you need to save to hit your goal. N Expected I/Y PV FV 40 7.5% 3,000,000 PMT (total needed to be saved annually) SWA contribution rate SWA annual contribution amount Amount you need to save Percentage of Salary you need to save (Round to 2 decimals like 0.00%) 9.3% Your starting pay is $55,000 per year. One of your benefits with SWA is a 9.3% dollar-for-dollar match in their 401k retirement plan. Your goal is to retire in 40 years with a minimum of $3,000,000 in your 401k retirement plan. Use the table below to calculate how much you need to save to hit your goal. N Expected I/Y PV FV 40 7.5% 3,000,000 PMT (total needed to be saved annually) SWA contribution rate SWA annual contribution amount Amount you need to save Percentage of Salary you need to save (Round to 2 decimals like 0.00%) 9.3%
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