1. You would like to retire in 30 years by investing in your 401(k) plan at work. You make $50,000. Your employer will match dollar for dollar up to 5%, so you elect to contribute 5% of your salary to your 401(k). You will make monthly contributions to your 401(k).

After reviewing the 401(k) investment choices, you expect to get a 9.5% return. Assuming you get no increases in salary in 30 years, how much will you have in your 401(k) in 30 years?

1. $952,211
2. $847,097
3. $926,543
4. $828,982