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How Much You Should Save In Your 401K By Age

2023-05-05 Education
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Andrei Jikh
Andrei Jikh
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How Much You Should Save In Your 401K By Age ► Receive Full Free Stocks via Moomoo (T&C Apply): https://j.moomoo.com/00mF1C Up to 15 Free Stocks via Moomoo US (For Australian users, up to 10 Free Stocks for A$2K deposit), T&C Apply: https://j.moomoo.com/00zRxu ► How I went from Zero To A Million: https://www.zerotoamillion.com ► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh ► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP ► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402 ► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646 ► Follow Me On Instagram: https://www.instagram.com/andreijikh/ ► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0 My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 SOURCES: https://www.bogleheads.org/wiki/Traditional_versus_Roth https://institutional.vanguard.com/content/dam/inst/vanguard-has/insights-pdfs/22_TL_HAS_FullReport_2022.pdf https://newsroom.fidelity.com/pressreleases/fidelity--2022-retirement-analysis--in-the-midst-of-inflation-and-uncertainty--retirement-account-ba/s/095bb4a8-cf3a-484e-a911-bc0c61c460ff https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp#citation-27 https://www.financialsamurai.com/how-much-should-one-have-in-their-401k-at-different-ages/comment-page-13/#comments https://ocho.com/learn/average-401k-employer-match#:~:text=The%20average%20401k%20employer%20match%20in%202023%20is%20around%204,6%25%20of%20employees'%20salaries https://finance.yahoo.com/news/retirement-2023-much-average-american-120022301.html https://www.yahoo.com/now/nearly-two-thirds-americans-confused-150847411.html https://www.fidelity.com/viewpoints/retirement/spending-in-retirement MUSIC CREDIT: Game: Super Mario Bros. (Nintendo, 1985, NES) • ReMixer(s): MkVaff • Composer(s): Koji Kondo • Song(s): 'Overworld BGM' • Posted: 2000-09-28, evaluated by djpretzel • Game: Donkey Kong Country (Nintendo, 1994, SNES) • ReMixer(s): Waveformer • Composer(s): David Wise, Eveline Novakovic, Robin Beanland • Song(s): 'Aquatic Ambiance' • Posted: 2012-04-30, evaluated by the judges *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Top Comments (10)

@MaximilianFischer497 2025-02-07

I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.

607 11 replies
@leblanc7275 2023-05-06

Can you do a video explaining how you live off your 401k in retirement? Dividends, selling shares ect. Id love to hear your explanation. Great content! Liked and followed.

573 31 replies
@AndreiJikh 2023-05-06

How many magic tricks did you spot? There's a few!

277 13 replies
@suryadihardjagilbert2199 2023-05-06

I like that this channel is going back to its root of focusing on investing for regular people

275 7 replies
@user-jjjjjjkkkff4567t 2025-02-18

When big names like Warren make moves, markets get shaky. 75% of my $400K portfolio is sinking—should I sell at a loss or hold?

226 5 replies
@xlasvegan7x 2023-05-06

My last day of employment was this past Thursday. No mortgage or a car payment. I have a chunk in savings but I don’t see myself dipping into it because my burn rate is below my streams of income from rentals, 401k, interest from savings and pensions. My only advice is to payoff everything before you retire and carry no obligations.

146 3 replies
@MJLGEE 2023-05-06

I’m in my 70’s and watch your channel regularly - love it!

57 1 replies
@sapp6401 2023-06-03

Best advice: start EARLY. The second you start working set aside some of your wage for retirement and continue the habit no matter what. Increase the percentage you save every time you can (you likely get a raise each year). Even someone with a low working wage can have $1million in retirement with diligence and diversification.

45 1 replies
@arcy89-j5 2023-06-27

"We can all be sad together" 😂really enjoyed your straightforward explanation and the humor!

13
@jace743 2023-05-20

3:36 I see you with the final fantasy music sneakily in a 401k video, you absolute hero

6

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