One of the smartest things you can do on the way to retirement is to start saving as soon as you are able to.
It only takes 10 minutes to join your company's retirement savings plan. To join, use the 457 Plan Enrollment Form. If you are not able to save more today, make a budget or a plan start when you can.
This illustration is a hypothetical compounding example. It shows the impact of contributing 6% of a $50,000 annual salary (i.e., $3,000) at a 6% annual effective rate of return. The example shows the result of contributing over the course of 40, 30, 20, and 10 years (assuming equal contribution amounts each month and a retirement age 65) to highlight the advantages of starting to save earlier in life. This illustration is not intended to represent the performance of any specific investment. Actual returns and principal values will fluctuate. Taxes are due when the money is withdrawn from the DC plan.