Milan Prastalo
$
% of pay
% of what you put in
% of your pay
years
%
Your match formula is in your plan papers or from HR. "50% up to 6%" means your employer adds 50 cents for each dollar you put in, on the first 6% of your pay.
Free money you may be leaving on the table, each year
$0match you get now, a year
$0full match, a year
| You put in, a year | Employer adds, a year | Total, a year | Grown over 20 years | |
|---|---|---|---|---|
| What you do now | $0 | $0 | $0 | $0 |
| With the full match | $0 | $0 | $0 | $0 |
This keeps your salary and the match the same every year, with growth added each month. Check the limits on irs.gov every year, because they change.