I can put up to 22,500 a year into my 401k. I get a .75c per$1 match up to 6%. Say I have around 55k the first of the year and max it out and get the historic 10% market return how much will be in it in 5, 10, 13, 15 years.

I'm trying to make plans and not sure if I want to max out the 401 and also start a roth or if I would like to just have it how in to my broker and not have the government restrictions on it.

Use the rule of 72 to figure how long it will take to double an investment.

Example: at 10% return, I will take 7.2 years to double.
At 9%, it will require 8 years
At 6%, it will take 12 years.

For periodicity installments, you can use an app to give you formulas.

You will find it extremely rare to get the same return every year. Yields will fluctuate.

I told my clients to invest an amount each year that hurts a little. You will never regret it at retirement time.

Yes charles I was ball parking 17 to 20% contributions depending on if they ever get it figured out how to put 100% of our profit sharing in as well. When our company was sold they automatically moved my contributions down to the match and I didn't know that. I moved it up to 16% this week with annual 2% increases in May when we get our raises that will be 4%. I should probably move it closer to 30% for the rest of the year to try to make up for the low contributions the last few years but hunting season is about hear and I'm going to be cutting back my overtime some.

Quick math, start with $55,000 and add $1800/month for 10 years at 8% would yield $452,000. 15 years $805,000. 8% is a realistic return.

I use this calculator. https://www.ramseysolutions.com/retirement/retirement-calculator

There are others online.

Maybe it's just me, but I use 4% for financial planning. I know the market has historically done better but I would rather be conservative on projections.

Good for you on thinking this through. Pedal down on saving is my advice.

I wouldn't give them anything more than they're willing to match, then, if possible do a roth...after that keep anything else invested in something accessible

with a base investment of $55,000 and if you continue to contribute $1,875 per month (22.5k per year) @ an expected return of 10% annually.

5 years - $232,130.36
10 years- $517,400.57
13 years- $766,489.86
15 years- $976,831.09

8% is probably more realistic- I'd even be more conservative when planning.

I follow the dave ramsey advice on this....do it in this order and max out as you can

company Match then ROTH IRA then traditional then brokerage account, shooting for 15% of your total income

I am about 22% savings rate now that my house is paid off

I use the SP500 avg rate for my calcs

https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1%2C000%2C000&cstartingprinciplev=55%2C000&cyearsv=10&cinterestratev=10&ccompound=annually&ccontributeamountv=22%2C500&cadditionat1=end&ciadditionat1=monthly&printit=0&x=Calculate#calresult

Annual Schedule
Annual Schedule Monthly Schedule
start principal start balance interest end balance end principal
1 $55,000.00 $55,000.00 $5,500.01 $83,000.00 $77,500.00
2 $77,500.00 $83,000.00 $8,300.00 $113,800.00 $100,000.00
3 $100,000.00 $113,800.00 $11,380.01 $147,680.00 $122,500.00
4 $122,500.00 $147,680.00 $14,768.01 $184,948.00 $145,000.00
5 $145,000.00 $184,948.00 $18,494.80 $225,942.80 $167,500.00
6 $167,500.00 $225,942.80 $22,594.30 $271,037.08 $190,000.00
7 $190,000.00 $271,037.08 $27,103.70 $320,640.79 $212,500.00
8 $212,500.00 $320,640.79 $32,064.06 $375,204.87 $235,000.00
9 $235,000.00 $375,204.87 $37,520.47 $435,225.35 $257,500.00
10 $257,500.00 $435,225.35 $43,522.54 $501,247.89 $280,000.00

Keep in mind on the 401k employer matching…a lot of companies, the one I work at included, match on a per pay period basis. So if you max out your contributions before your last pay period you will not get the full employer match.

I am a Dave Ramsey fan too. His books should be required reading in High School.

Not sure when taxes will go up so I stopped the 401k and am in the roth 401k at work.

If you start with 55,000 and get 10% a year with no other contributions it becomes $370,000 in 20 years.
If you start with 55,000 and get 10% a year and make $22,500 contribution every year it becomes 1.6 million.

To the people talking taxes. Yes taxes are going to go up but your income / tax bracket changes too. When you retire and are drawing money on your 401 to pay taxes on it you aren't supposed to pull a years salary like you make now... you aren't supposed to need that much money when you retire b/c everything is supposed to be paid for. So yes when you pay taxes the taxes might have gotten higher but you are only paying taxes on the $20,000 you took out that year... Not you making say 100,000 this year and getting taxed within that tax bracket and then putting the money the govt didn't take into a Roth. So yeah taxes are going to go up but it actually saves how many tax dollars you pay by the end of the game.

Something like that. Its Monday.

Thanks Ohio boy. I'm 43 and if they get it so I can still get my 30 and out I will be 57 when I get my 30. I was hoping to retire then but sine we were sold that 30 and out is up in the air. But that gives me 13 years. If I went to 63 I would have 20 years but I don't want to work that long.

I owe $12,030 on a rentle house I own and about the same on a van . The van is 1.8% so I'm in no hurry to pay it off. The rental Is 7.1 so I have been paying it off quicker. Depending on my daughter tuition cost this year the rental should be payed off in less than a year maybe 7 months. I can pay it off now but like having the emergency fund.

I hope to get the rental and tuition paid for then really start saving/ investing.

I know a lot of people that saved and want to retire early say in their late 50's but when they retire they lose their health benefits and thats a deal breaker so they are stuck at work. The trick is to have a spouse that doesn't mind working that can provide health benefits... or to figure out a part time job that would give yourself benefits for your family. I been wondering about setting things up so I can retire and maybe be a school teacher. Then you get early quitting time, benefits, and summers off. Good luck. I suggest meeting with someone and talking about all your specific information for your specific example and seeing how it plays out.

Other benefits to having a Roth over 401 or traditional IRA. If you plan to spend all your money before you die, feel free to disregard. I hope to pass money on to my heirs like most folks do. Unless its in a Roth, your heirs are forced to withdraw the entire inheritance within 10 years...likely boosting their tax brackets and giving more money to the government. Inheritence within a Roth are not subject to the ten-year rule. My kids/grandkids can just just let it keep rolling and compounding and uncle Sam wong be seeing any of it.
Again, if that doesnt matter to you, feel free to disregard. Just wanted to provide a little more food for thought.

You pay taxes on social security? Then add that to taxes on 401k. I'd rather pay taxes up front. I know plenty of people doing 401 conversions to the roth now. 2025 is a date I heard taxes are going up. I also only put in to my 401 up to what my company matches. The rest goes somewhere else.

Don't be surprised when they start taxing Roth's.

Just saying

I agree with Troy.

You seem to have several irons in the fire and some complex and maybe conflicting goals, and certainly there are various opportunity costs involved with each potential decision.

It might be worth a couple hundred bucks to get a CPA involved to give you some better answers than you are likely to get here.

Have the CPA invoice your rental business so you can write off the expense

Not gonna happen. If changes are made, current assets would be grandfathered. Uncle Sam wouldnt have a chance against the law suits.... my opinion only