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Your employer offers 401k matching. That is, if you deposit $100 in a 401k from each paycheck, then your employer will also contribute $100 so
Your employer offers 401k matching. That is, if you deposit $100 in a 401k from each paycheck, then your employer will also contribute $100 so that your total monthly contribution will be $200 each month. How much money does someone making $62535 a year need to contribute each month if you want to be able to withdraw $1,200 each month in 30 years? Assume the APR of the 401k is 4%.
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