Some industry analysts think you should contribute 10–15% each pay period for retirement, but you need to find out what’s right for you.1 Watch the video below for information about contributing to your retirement account.


To see how your take-home pay would be affected by starting to contribute or increasing your contributions to an employer-sponsored retirement plan, use the Nationwide Paycheck Impact Calculator.

Even small increases to your contribution help

Increasing your contribution can make a big difference later with little impact to your paycheck. See the example below:2,3

Contribution increase effects for different salaries

[1] How Much Should You Contribute to a 401(k), U.S. News & World Report (December 2021).
[2] Illustration assumes bi-weekly deferrals accumulated at 7% for 30 years.
[3] This example is only an illustration and isn’t intended to reflect the return of any actual investment. Investments don’t typically grow at an even rate of return and may even lose money. The effect of taxes and costs of investing have not been reflected.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.