Example of Automatic Payroll Deductions at Different Contribution Amounts
| Contribution | Reduced take-home pay per week | Savings at retirement |
|---|---|---|
| 1% | $4.33 | $53,776 |
| 2% | $8.65 | $107,552 |
| 3% | $12.98 | $161,328 |
| 5% | $21.63 | $268,880 |
This example is for illustrative purposes only. The assumed rate of return in this chart is hypothetical and does not represent the return of any particular investment. Assume $30,000 in annual income, 35 years to retirement and an annual 8% rate of return.
