Here's How Long It'll Take You to Save the Average 401(k) Balance if You Start Today

With the decline in pensions and Social Security losing buying power, 401(k)s have become an increasingly important part of retirement planning. It's where many workers keep most of their savings, and it also gives them a chance to earn an employer match on those savings so they don't have to do it all alone.Yet, many people aren't able to save as much as they'd like to in their 401(k)s. Many don't save anything during the early years of their career. But it might still be possible to catch up. Here's a look at how long it would take you to save the average 401(k) balance if you're starting from zero.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool