Starting new job after PGY 6

[Anastamosis]

How do you reach the target of 53000 on retirement accounts if you can contribute only 18 k. Is the rest contributed by the employer?

[jfoxcpacfp]

Yes. Your employer must offer a profit-sharing component to the 401k plan (not all do). The employer can contribute up to 25% of your compensation into the plan and the total contributions to your account (employee + employer) cannot exceed $53k. The profit-sharing component is discretionary for the employer (i.e. the employer can skip the contribution in low- or no-profit years).

Of course, if you are self-employed, you are both employer and employee.