https://www.fool.com/retirement/2020/01/05/heres-how-rich-youd-be-after-30-years-maxing-out-y.aspxHere's How Rich You'd Be After 30 Years Maxing Out Your 401(k)
401(k) plans can be great ways to save for retirement, and their biggest advantage is how much they let you save each year. The limit for 2020 contributions to 401(k) plans is $19,500 for those under 50 or $26,000 for those 50 or older.
That's a lot, and not everyone can max out their 401(k)s, but there are good reasons to shoot for the stars with your retirement savings. If you're fortunate and diligent enough to hit that number year in and year out throughout your career, you can end up with life-changing wealth by the time you retire. In fact, someone who contributed the maximum for 30 years and invested it wisely would now have a nest egg of more than $1.75 million -- enough to provide most people with ample and sustainable wealth throughout their golden years.
