How much you will have for retirement if you max out your 401(k) in your 20s


Maxing out your 401(k) from age 22 to 30 will leave you with about $180,000, but the power of compound interest is just starting. Watch this video to see how much your account will grow by the time you retire. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Americans rely heavily on 401(k)s plans when it comes funding their retirement.

As of 2020, around 60 million workers across the U.S. used the tax-advantaged accounts to save for their future.

Most people can contribute up to $19,500 to their 401(k) in 2021, but the limit can change from year-to-year to keep up with inflation.

Investing nearly $20,000 per year will equal a lot of money when it comes time to retire decades in the future.

Here’s a case study.

CNBC crunched the numbers, and we can tell you how much you will have for retirement if you max out your 401(k) during your 20s.

Check out this video for a full breakdown.

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Annabel Westwood May 16, 2021 - 8:19 AM

It requires money to make money, this is the secret I have ever discovered. We just don't make money, we earn and multiply money.

Conquer Understanding May 16, 2021 - 8:57 AM

Your money helps hedge fund managers retire within 15 years with $10 billion and leave you with less than $1 million after 50 years. Sounds logical to me 🤷🏻‍♂️

R D May 16, 2021 - 9:13 AM

Impossible to know the answer as there are too many variables and too much time to look ahead.

Dartanyan Eight May 16, 2021 - 11:02 AM

Pathetic pitiful numbers
What you see in years we get in a week in Crypto.

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timshepard256 May 16, 2021 - 8:28 PM

I maxxed out my 401k in my 20s and I had $400,000 that the lawyers and a crooked judge took in my divorce. Saving for retirement is pointless if you are a man and get married. I know the mainstream media wont report on this fact.

ClaytonBigsby May 16, 2021 - 10:13 PM

work, save, and don't have a life during the prime years, so you can live the good life when you don't have many years left on this planet

Brian Simmons May 16, 2021 - 10:26 PM

If you are here in 2021 and you don't have any investment or alternate source of income, then you are not safe, invest now! It's better late than never.

Robert Parker May 16, 2021 - 11:02 PM

Not very much. Especially if Wall Street gets greedy again like in 2008 and crash's everything. 800k in from 20 to 67 . 47 years from now will be worth about $242,424.24 because of inflation. And if you still have a student loan duet at 67 . And some do . They will take it all. Its not your "Nest Egg" is their Nest Egg" Ya they let borrow against it that's what they want you to do. The Economy of Neo-Liberalism/ Conservative is almost the same as the Greeks duet slavery.

Mark Houghton May 16, 2021 - 11:37 PM

4% return? Where are they putting the money; in a bank cd? 😂

Devo May 17, 2021 - 1:13 AM

Is this literally every financial video that CNBC uploads?
Just comment section full of obvious bots, seemingly discussing crypto currency and telling people to invest?

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Diversify you portfolio with cryptocurrencies. Like everything else. It come with risk. MUST have risk management plan. ALWAYS!!!!👍👏

Joy Natalie May 17, 2021 - 9:17 AM

I have about 5% of my portfolio in uranium stock any advice on any other stock that I can
grow my $300k capital to a million dollars?

Thomas Hoffman May 17, 2021 - 10:49 AM

"God has given me a gift. Only one… I am the most COMPLETE fighter in the world!" – Yuri Boyka

– (Undisputed III: Redemption)

Matthew 10"32-39
"Whosoever therefore shall CONFESS me before men, him will I confess also before my Father which is in Heaven."

"But whosoever shall deny Me before men, him will I also deny before my Father which is in Heaven."

"Think not that I am come to send peace on earth: I came not to send peace, but a sword."

"For I am come to set a man at variance against his father, and the daughter against her mother, and the daughter in law against her mother in law."

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sliceofbread May 17, 2021 - 11:56 AM

Who could possibly max out their 401k in their 20s with housing prices and tuition as they are? This is such a stupid video/title.

Telluwide May 17, 2021 - 12:01 PM

Retirement? What's that? I'll be working till the day I die….Don't even get me started on the sham they call 401k's….Talk about bait and switch, they took away the working classes real pensions for a Wall Street investment vehicle meant to part the middle class away from it's retirement. And to think GW Bush wanted to give more to Wall Street by privatizing Social Security…

Blake Bake May 17, 2021 - 5:37 PM

If you're only getting 4% growth, you need to fire your financial advisor (or yourself). The S&P has averaged 10-11% since its inception.

Hanqi C May 17, 2021 - 8:37 PM

A penny saved is a penny earned…

David jones June 6, 2021 - 11:14 PM

There are other ways you can grow your account, These are critical moments with investing. However short term aggressive strategies can give you an edge now. The overall objective is to make the best cash off the market so search for better strategies for times like this and DIY or get a pro help. I prefer the latter.


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