How much should I save into my 401(k) plan?

The goal of a 401(k) plan is to replace your income source in retirement. As a general recommendation, we would suggest targeting a savings rate of somewhere between 12%-15%, not including any additional contributions made on your behalf by your employer. Obviously the more that you are able to save, the more likely your chances of a successful retirement are, however no amount is too small. Similarly, it's never too late to start saving - Today is always the best day to begin.