Your employer offers a 401 k plan with a 27 match and you

Last updated: 5/1/2023

Your employer offers a 401 k plan with a 27 match and you set a goal of retiring in 31 years with an amount of money which has the same buying power that 1 6 million dollars has today If the account earns an annual interest rate of 1 and the expected annual rate of inflation is 1 1 how much should YOU contribute each month to the 401 k Round your answer to the nearest dollar