Investment
What Happens If You Max Out Your 401(k) for 30 Years?
The Answer
$2,597,645
The Full Picture
Contributing the 2024 maximum of $23,000/year to your 401(k) for 30 years at 8% yields $2,597,645 at retirement. You contributed $690,000 of your own money — the rest is all compound growth. Add employer matching and the number grows even higher.
By the Numbers
Your contributions$690,000
Compound growth$1,907,645
Total at retirement$2,597,645
Change the numbers
These numbers are just a scenario. Use our Compound Interest Calculator to see what your specific situation looks like.