Save Early, Aim for Your Goal

Contributing to your employer’s retirement plan as soon as you’re eligible is crucial to meeting your retirement goals. The earlier you start saving, the more time compounding interest can has to work on your behalf. Putting off contributions today means increased contributions to reach the same goals tomorrow.

For example:

Shane, Maria and Nadia are each beginning their retirement savings journey today and each wish to accumulate $300,000. As you can see below, the earlier you begin contributing to meet your goals, the better your money works for you. How much do they need to contribute to meet their goal?

For more information on your company’s retirement plan and how much you need to save to reach your retirement goals, contact KerberRose Retirement Plan Services at (715) 524-6626 or 401kservices@kerberrose.com.

*Assumes an average rate of return of 8%. These examples are hypothetical in nature, do not represent any specific investment, and do not account for any fees or expenses associated with an actual investment. Investing involves risk, including the possible loss of principal.