Small changes, big savings
Adjust the age and investment risk level below. Then for each item, select how many you could give up per week and watch the savings add up.
-
Chocolate or candy
$1.50 giving up one chocolate or candy per week -
Lunch out
$10.00 bringing your lunch instead of having lunch out once per week -
Dinner out
$15.00 cooking a meal at home rather than dining out once per week -
Coffee shop
$5.00 skipping one trip to the coffee shop per week -
Shopping trip
$30.00 skipping one shopping trip per week -
Movie ticket
$8.00 watching one movie at home instead of at the theater per week -
Vending machine drink
$2.00 skipping one drink from the vending machine per week
How many "extras" could you skip per week to move closer to your financial goals? Click on the items above to see how much you could potentially add to your retirement account by making small adjustments to your spending.
$8,928
Based on giving up one chocolate or candy a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$59,523
Based on bringing your lunch instead of having lunch out once a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$89,284
Based on cooking a meal at home rather than dining out once a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$29,761
Based on skipping one trip to the coffee shop a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$178,569
Based on skipping one shopping trip a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$47,618
Based on watching one movie at home instead of at the theater a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
$11,905
Based on skipping one drink from the vending machine a week and saving the cost in your retirement plan over a 35 year period, assuming investment returns of 6.00% a year.
Total savings
$0
$0 /month
Next steps
Now that you have an idea of how much extra you can invest toward your future goals by cutting back on spending, increase your retirement plan contribution rate today. Even a small increase can make a big difference!
- If you haven't enrolled in your retirement plan, get started today! Register and enroll now
- If you are already participating in your retirement plan, increasing your contributions today may make a big difference in your level of retirement preparation. Log in today to increase your contribution rate
- To learn more about preparing for your retirement, see our educational resources.
- If you are not part of a retirement plan contact your employer or financial professional today and take the next step.
Now that you have an idea on how much extra you can invest toward your future goals by cutting back on spending, increase your retirement plan contribution rate today.
Even a small increase can make a big difference!
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