What Does Saving $100 per Month Look Like Over 30 Years?
It can be hard for employees to imagine what $100 per month can mean for their retirement, when $100 now is so much more tangible. That’s why visualizations of future savings amounts can help motivate employees to save more today. See what $100 per month looks like over 10, 20 and 30 years in this quick chart.
For your employees, even a little can go a long way
Get Your Employees on Track for a Healthy Retirement
Right now, saving for retirement may be the furthest thing from your employees’ minds. Setting money aside for the future when it’s needed for everyday bills and living expenses may seem like a poor choice. However, it may be one of the best decisions they can make.
Saving $100 a month in a 401(k) account gives the balance the chance to grow through the power of compounding growth. And putting money aside or increasing contributions now (in any amount) can mean the difference between a comfortable retirement and just getting by. As you can see below, even a little can go a long way.
$100 Per Month Over 30 Years*
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