<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='4504816.0' /><set value='4921357.0' /><set value='3592590.0' /></dataset><dataset seriesName='Plus Tax Savings (while contributing)'><set value='280770.0' /><set value='' /><set value='' /></dataset><dataset seriesName='Less Taxes Paid (during retirement)'><set value='1666165.0' /><set value='1249624.0' /><set value='912225.0' /></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>$140,000</td><td>$140,000</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>24% / 3%</td><td>24% / 3%</td></tr><tr><td>Anticipated tax bracket at retirement</td><td>24% / 3%</td><td>24% / 3%</td></tr><tr><td>Annual return on savings</td><td>12.0%</td><td>12.0%</td></tr><tr><th></th><th></th><th></th></tr><tr><td>Plan contribution rate</td><td>10.0%</td><td>10.0%</td></tr><tr><td>Plan contribution amount annually</td><td>$14,000</td><td>$14,000¹</td></tr><tr><td>Plan contribution amount per pay period</td><td>$538</td><td>$538</td></tr><tr><td>Impact on annual net pay</td><td>$-10,220</td><td>$-14,000</td></tr><tr><td>Annual tax savings</td><td>$3,780²</td><td>N/A</td></tr><tr><th></th><th></th><th></th></tr><tr><td>401(k) account value at retirement</td><td>$6,170,980</td><td>$6,170,980</td></tr><tr><td>Less taxes paid during retirement</td><td>$-1,666,165</td><td>$-1,249,624³</td></tr><tr><td><b>401(k) account value after taxes</b></td><td><b>$4,504,816</b></td><td><b>$4,921,357</b></td></tr><tr><td>Tax savings (while contributing)</td><td>$280,770⁴</td><td>N/A</td></tr><tr><td><b>Total value after taxes are paid</b></td><td><b>$4,785,586</b></td><td><b>$4,921,357</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 $14,000 saving you $3,780 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 8.8%), you could have an additional $280,770 saved at retirement.