If you're under 50 in 2021, you can generally contribute up to $19,500 per year ($1,650 per month) to your 401(k). That number jumps to $26,000 per year ($2,166.66 per month) if you're 50 or up. With that in mind, that table can remain a decent check against your progress along your journey. It can also provide some insights on what sort of adjustments you can make along the way. For instance, if you find yourself at age 40 with around $150,000 in your 401(k), you might be able to focus on your other life priorities and still wind up a 401(k) millionaire by age 65.

Source: Daily Sun October 03, 2021 20:26 UTC