Start Early
Calculate What You Need
Contribute Regularly
One great thing about a workplace-sponsored 401(k) is that your contributions can be automated. Your employer can take the funds out of your paycheck before the deposit ever hits your account, ensuring that you “pay yourself first” every single month and meet your goals.
Invest the Maximum
The more you save today, the more your retirement savings will grow and the better your chances of meeting your goals. Whether you want to be a 401(k) millionaire, are aiming for early retirement, or simply want to be financially independent, saving the maximum you can afford each month will get you there.
An employer match on your retirement contributions is one excellent way to amplify your savings efforts. This is essentially free money, and you should avoid leaving it on the table if at all possible.