To this end, what could committing $1,000 per month mean over the course of, say, 15 years? More than you might think. Assuming you achieve the stock market’s average annual return of 10% on this money, your $180,000 worth of contributions to a 401 (k) plan would be worth roughly $414,000 at the end of the time frame.
If You Put $1,000 in Your 401(k) Every Month for 15 Years, You Could Have This Much Cash by Retirement
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