What is Amazon's 401k match?

Amazon matches 50% of an employee's contribution on the first 4% of their eligible pay, meaning you need to contribute 4% to get the maximum 2% company match, with matching funds vesting after three years of service (1,000 hours worked per year).

Is a 6% 401k match good?

Yes, a 6% 401(k) match is considered very good to excellent, as it's at or above the average employer contribution (around 4-4.6%) and offers a significant boost to your retirement savings, essentially doubling your money up to that point. You should aim to contribute at least 6% of your salary to get the full benefit, as it's essentially "free money" and a powerful way to build wealth. 

How long does Amazon match a 401k?

Amazon Match

Amazon matches 50% on your first 4% of your contributions, subject to an income limit of $350,000 in 2025. The maximum match is $7,000 in 2025. You must contribute 4% to receive your full match. Amazon matches vest after 3 years.

Which company pays the highest 401k match?

There isn't one single company with the absolute highest match, as it varies, but Visa offers a standout 200% match on up to 5% of pay (effectively 10%), while Activision Blizzard matches dollar-for-dollar up to 25% of salary, an incredibly high amount, often with immediate vesting. Other generous examples include General Motors (100% up to 10%), Google (50% up to IRS limit, immediate vesting), and Microsoft (50% up to IRS limit, immediate vesting), with companies like BOK Financial offering escalating matches for tenure. 

What 401k plan does Amazon use?

Amazon's 401(k) plan is administered by Fidelity Investments, offering a wide range of investment choices like index funds, target-date funds, and even a brokerage link (BrokerageLink) for more options, with features like pre-tax, Roth, and Mega Backdoor Roth contributions, and a company match of 50% on the first 4% of employee contributions (vesting after 3 years). 

2025 Version: Mega Backdoor Roth | How to Double Your 401k at Amazon, Microsoft, Meta, and Google

How good is Amazon's 401k?

Yes, the Amazon 401(k) is generally considered worth it, primarily for the company's 50% match on the first 4% you contribute (a 2% total match), plus the powerful "Mega Backdoor Roth" option, though its 3-year vesting schedule for company matches is less generous than some tech rivals. You should contribute at least 4% to get the full match, and then consider maximizing the Mega Backdoor Roth if you can afford it for significant tax-advantaged growth. 

Can I retire at 62 with $400,000 in 401k?

You can retire at 62 with $400k if you can live off $30,200 annually, not including Social Security Benefits, which you are eligible for now or later.

What is Walmart's 401k match?

Walmart offers a generous 401(k) match, providing 100% on the first 6% of an employee's contributions, making it a dollar-for-dollar match up to that limit, and the funds are immediately 100% vested, meaning employees own the matched money from day one. To get the full match, employees should contribute at least 6% of their eligible pay after meeting initial service requirements, typically after one year and 1,000 hours worked. 

How much in 401k to get $1000 a month?

The math works like this: Withdrawing 5% of the $240,000 balance each year generates $12,000 in income annually, or $1,000 a month. ($240,000 X 0.05 = $12,000 per year / 12 = $1,000 a month.) Put another way, if you want to determine your required retirement savings, simply divide your annual expenses by 0.05%.

How much is $10,000 invested in Amazon 20 years ago?

A $10,000 investment in Amazon (AMZN) stock 20 years ago (around early 2006) would have grown to well over $1 million by late 2024/mid-2025, potentially reaching over $1.18 million, thanks to significant growth and a major 20-for-1 stock split in 2022, turning a modest holding into thousands of shares and an immense 118-fold return, far surpassing the S&P 500. 

What is the maximum 401k match for Amazon?

Amazon matches 50% of employee contributions up to 4% of your eligible salary (equating to a 2% maximum company contribution). Amazon's match has a three-year cliff vesting schedule, meaning you must stay with the company for three years to keep any employer contributions.

How many Americans have $500,000 in 401k?

While exact real-time numbers vary, recent data shows roughly 4% to 9% of American households have $500,000 or more in retirement savings (including 401(k)s and IRAs), with some reports placing it closer to 4% for $500k-$999k, and around 9% for $500k+ across all retirement accounts, meaning millions of Americans have achieved this significant milestone, though it's still a minority of savers. 

Is 100k in 401k by 40% good?

A $100,000 401(k) at age 40 is a solid foundation, but whether it's enough depends on future savings and retirement goals. By increasing contributions, minimizing debt, and taking advantage of investment growth, there's still plenty of time to build a comfortable retirement.

What is a generous 401k match?

A generous 401(k) match would be a 100% match up to the allowable limits. But any match is considered beneficial since it provides extra money to invest for retirement.

Who has the highest 401k match?

There isn't one single company with the absolute highest match, as it varies, but Visa offers a standout 200% match on up to 5% of pay (effectively 10%), while Activision Blizzard matches dollar-for-dollar up to 25% of salary, an incredibly high amount, often with immediate vesting. Other generous examples include General Motors (100% up to 10%), Google (50% up to IRS limit, immediate vesting), and Microsoft (50% up to IRS limit, immediate vesting), with companies like BOK Financial offering escalating matches for tenure. 

What is Chick-fil-A's 401k match?

Chick-fil-A offers a competitive 401(k) match, often cited as a 100% match on the first 4% to 5% of an eligible employee's salary, alongside other benefits like health insurance and paid time off, though specifics can vary between corporate roles and individual restaurant franchises, with corporate employees generally receiving the most comprehensive packages including a pension. Eligibility usually requires at least one year of full-time employment, and some restaurant-level staff might have different arrangements or no match. 

What happens to my 401k if I quit Walmart?

When you quit Walmart, your 401(k) money is yours, but you must decide what to do with it: you can leave it in the Walmart plan (if it's over a small balance), roll it into an IRA or new employer's plan, or cash it out (incurring penalties and taxes). You'll keep your own contributions fully; for company matches, check the Walmart vesting schedule (linked through Benefits OnLine) for your vested amount. 

What is the average 401k balance for a 65 year old?

For a 65-year-old, the average 401(k) balance is around $299,000, but the more representative median balance is significantly lower, at about $95,000, indicating many high savers pull the average up, with balances varying greatly by individual savings habits, income, and other retirement accounts. 

How long will $750,000 last in retirement at 62?

With careful planning, $750,000 can last 25 to 30 years or more in retirement. Your actual results will depend on how much you spend, how your investments perform, and whether you have other income.

Does a 401k double every 7 years?

A 401(k) can double roughly every 7 years if it earns a consistent 10% annual return, thanks to the Rule of 72 (72 ÷ 10 = 7.2 years), a common historical average for stock market investments like the S&P 500, but this is not a guarantee, as returns fluctuate, and it doesn't fully account for new contributions or fees. The actual time depends on your specific investment choices, market performance, and how much you add to the account over time. 

How many Americans have $1,000,000 in their 401k?

While the exact number fluctuates, hundreds of thousands of Americans have $1 million in their 401(k), with figures around 500,000 to nearly 900,000 reported by late 2025, representing a small percentage (around 2-3%) of all savers, though a higher portion (9%+) of older workers (55-64) achieve this milestone, showing it's attainable with early, consistent saving. 

What is the average 401k balance at 50?

At age 50, the average 401(k) balance generally falls in the $200,000 to $600,000 range for averages, but varies significantly by data source, with medians often around $250,000, showing that many individuals have much less, with a key benchmark being to have about six times your salary saved by this age, according to Kiplinger, with providers like Fidelity and Empower showing averages for ages 50-54 around $200k and 55-59 around $245k, while other sources show much higher averages for the entire 50s decade.