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Current age	23
Current salary	$26,000
Contribution rate - NEW!	2%

Jenny

Early career and just getting started

Jenny is starting her career and is just now shifting her focus from spending now to saving for the future. She visits 401k.com and uses the contribution calculator found on myPlan^SM. Jenny learns the power even a small contribution can have when you start saving early and decides to contribute 2% of her pretax pay. Because she's now thinking more about her future, Jenny also checks out the "Determining Your Retirement Savings Needs" workshop.

By the time she is 65, Jenny could have a Savings Plan balance of: $184,824

George - Getting ready for retirement

Alma - Catching up

For all calculations, we have assumed a 3% annual pay increase, a 7% annual investment return on employee contributions made monthly in the Savings Plan, contribution rates remain unchanged, and no loans or withdrawals were made. Employer contributions were not considered in these examples. All IRS limits applied. These assumptions are not a guarantee of future pay increases. Investing in the savings plan does not ensure a profit or guarantee against loss. Note that income taxes will be due when you take withdrawals from your savings plan account.