I’ve talked about the 401k a few times before.
[cue montage of every single time I scream at you to get a 401k]
That’s only because the 401k is one of the most powerful investment tools at your disposal.
Whenever I mention it, though, someone inevitably asks me the same question: How much should I have in my 401k?
It’s a solid question — but answering it is a little tricky. Let’s jump in to see roughly how much you should have in your 401k at the ages of 30, 40, 50, and retirement age.
How much should I have in my 401k?
There’s no one-size-fits-all answer to the question, “How much should I have in my 401k?” Though you should start investing in a 401k as soon as possible, some people might not get that opportunity right away — and that’s okay.