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You are 38 years old and earn $108,000 per year. You contribute 10% of your salary to your 401(k) and your employee matches contributions 100%

You are 38 years old and earn $108,000 per year. You contribute 10% of your salary to your 401(k) and your employee matches contributions 100% up to 4% of your salary. If you expect to earn 7.5% annually on your 401(k) assets, at what age do you expect to have accumulated the following balances?

$500,000

$1,000,000

$1,500,000

$2,000,000

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