401(k) Sprints Starting in Your 20s

In this episode of The Personal Finance Podcast, Andrew introduces the 401k Sprint strategy—a game-changing approach where you max out retirement contributions for just 5-10 years instead of grinding for 30-40 years straight, proving that a 25-year-old who contributes $23,500 annually for only 5 years can retire with over $2 million while someone starting at 60 can still add $430,000 in just 5 years using catch-up contributions. He breaks down the exact numbers for sprints starting in your 20s, 30s, 40s, 50s, and 60s, explains the difference between traditional and Roth 401k strategies, and shows why the 2-on/2-off cycle approach (maxing contributions for 2 years, taking 2 years off, and repeating) can still build nearly $3 million by retirement—proving that short bursts of intense saving combined with compound growth can beat decades of mediocre contributions.

Watch this episode on Youtube.

How Andrew Can Help You:

• Listen to The Business Show here.
• Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!
• Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
• Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 
• Watch The Master Money Youtube Channel! ,
• Ask Andrew a question on Instagram or TikTok
• Learn how to get out of Debt by joining our Free Course 
• Leave Feedback or Episode Requests here. 
• Car buying Calculator here

Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast

• DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc 
• Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
• Acorns: Start investing automatically with Acorns and get a $5 bonus at Acorns.com/PFP 
• Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ 
• Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
• Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp
• Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!
•  
•  Relevant Episodes:
• Should You Stop Using a Roth 401(k) After a Certain Income? (Money Q&A)
• What to Do With Your Old 401(K) (Step-By-Step!)
• Should I reduce my 401(K) Contributions to Save for a House? - Money Q&A

Connect With Andrew on Social Media:

• Instagram
• TikTok
• Twitter
• Master Money Website
• Master Money Youtube Channel

 Free Guides:

• The Stairway to Wealth: The Order of Operations for your Money
• How to Negotiate Your Salary
• The 75 Day Money Challenge
• Get out Of Debt Fast
• Take the Money Personality Quiz

Learn more about your ad choices. Visit megaphone.fm/adchoices