How much more would you have for retirement, if only you could squeeze 1% more per year? The answer, as it turns out, is alot.

Click below to find out . . .

 

Click here for an interactive calculator.

Source: NY Times

 

From the article Disadvantages of a Lump Sum 401(k)

Category: 401(k), Digital Media, Investing

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “The 1% More Savings Calculator”

  1. digistar says:

    Where do we get that luscious 5% expected annual return?

    If the Fed would let interest rates rise to their historic averages – it would help a lot.

  2. ottnott says:

    How much more tired would you be if you employer could continue to squeeze 1% more productivity out of you per year without any change in real wages?

  3. cjb says:

    I am a blue collar worker. My friends work everything from blue collar, to sales, to customer service, I.T., even a number of them in medical research for Big Pharma. Don’t know anyone getting close to a 3% annual raise, except maybe the teachers – that is if the school districts aren’t pushing out the master degreed ones and going with younger, lower paid, bachelor degreed.

  4. bear_in_mind says:

    I haven’t seen 3 pct annual salary increases since the mid-point of Clinton’s term in office. Most of my contemporaries haven’t either and they have degrees (i.e. B.A.+, a number with M.A.’s) and none of them have fallen into unemployment to mar their earning potential.

    On the other side of the coin, even though my salary has remained stagnant, I’ve learned to live well beneath my means and spend a lot less on consumer goods, which allows me to divert the maximum allowable contributions to every tax-advantaged plan to which I have access.

    So, even without the addition of another 1 pct annually to savings, I’m probably saving way more (about 30 pct of income) than average. Only wish I’d started two decades earlier!

  5. [...] How much more would you have for retirement, if only you could squeeze 1% more per year? The answer,… [...]

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