<div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Total Value At Retirement' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor=''><categories><category label='Before-tax 401(k)' /><category label='Roth 401(k)' /></categories><dataset seriesName='Account Value (less taxes paid during retirement)'><set value='1023057.0' /><set value='1324877.0' /><set value='1023057.0' /></dataset><dataset seriesName='Plus Tax Savings (while contributing)'><set value='236365.0' /><set value='' /><set value='' /></dataset><dataset seriesName='Less Taxes Paid (during retirement)'><set value='341019.0' /><set value='39200.0' /><set value='39200.0' /></dataset></chart>"); // --> </script> <table class='pure-table' role='grid'><tr><th></th><th scope="col">Before-tax 401(k)</th><th scope="col">Roth 401(k)</th></tr><tr><td>Current annual income</td><td>$85,000</td><td>$85,000</td></tr><tr><td>Years until retirement</td><td>20</td><td>20</td></tr><tr><th></th><th></th><th></th></tr><tr><td>Current tax bracket (Federal/State)</td><td>22% / 3%</td><td>22% / 3%</td></tr><tr><td>Anticipated tax bracket at retirement</td><td>22% / 3%</td><td>22% / 3%</td></tr><tr><td>Annual return on savings</td><td>8.0%</td><td>8.0%</td></tr><tr><th></th><th></th><th></th></tr><tr><td>Plan contribution rate</td><td>28.0%</td><td>28.0%</td></tr><tr><td>Plan contribution amount annually</td><td>$23,800</td><td>$23,800¹</td></tr><tr><td>Plan contribution amount per pay period</td><td>$992</td><td>$992</td></tr><tr><td>Impact on annual net pay</td><td>$-17,850</td><td>$-23,800</td></tr><tr><td>Annual tax savings</td><td>$5,950²</td><td>N/A</td></tr><tr><th></th><th></th><th></th></tr><tr><td>401(k) account value at retirement</td><td>$1,364,077</td><td>$1,364,077</td></tr><tr><td>Less taxes paid during retirement</td><td>$-341,019</td><td>$-39,200³</td></tr><tr><td><b>401(k) account value after taxes</b></td><td><b>$1,023,057</b></td><td><b>$1,324,877</b></td></tr><tr><td>Tax savings (while contributing)</td><td>$236,365⁴</td><td>N/A</td></tr><tr><td><b>Total value after taxes are paid</b></td><td><b>$1,259,423</b></td><td><b>$1,324,877</b></td></tr></table><br/><br/>¹ This Roth 401(k) contribution is not deductible and does not lower your taxable income.<br/><br/>² Your before-tax contribution lowers your current taxable income by $23,800 saving you $5,950 in taxes (these amounts change as your annual income changes).<br/><br/>³ This amount represents taxes only on your company match and associated earnings.<br/><br/>⁴ If you were to invest your tax savings each year in a taxable account (assuming an annual after-tax return of 6.0%), you could have an additional $236,365 saved at retirement.