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Employer's Savings Plan

How much to save?

How much to save?

Most individuals should target to save 10-15% of their annual income throughout their working careers throughout retirement. It's a few simple steps today that could potentially lead to a more secure future.

*Assumes 6% hypothetical rate of return and contributions made at the beginning of each month. This illustration is hypothetical and is not intended to reflect the performance of any specific investment. There is no assurance that increasing contributions will generate investment success. In addition, these figures do not reflect taxes or any fees or charges that may be assessed by the investments. The tax-deferred investment will be subject to taxes on withdrawal. Systematic retirement plan contributions do not ensure a profit nor guarantee against loss.

Looking for help?

A professionally managed account can help you make decisions about your retirement plan. With Morningstar® Retirement ManagerSM, you’ll have access to support and guidance as you plan for your future.

 

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