 |
How Much Will I Have? |
After years of saving and hoping, here’s an estimate of what your nest egg will be worth at age 65. This estimate is based on an average annual rate of return of 8%. In addition, the investments are assumed to be in a tax-deferred retirement account.
|
Your Age |
Annual |
Retirement Balance at Age 65 |
|
25 |
$1,000 $3,000 $7,000 |
$259,057 $777,170 $1,813,399 |
|
35 |
$1,000 $3,000* $7,000 |
$113,283 $339,849 $792,981 |
|
45 |
$1,000 $3,000 $7,000 |
$ 45,762 $137,286 $320,334 |
|
55 |
$1,000 $3,000 $7,000 |
$ 14,487 $ 43,461 $101,409 |
*By waiting just one year and investing $3,000 annually at the age of 36, it will reduce your retirement balance to $311,898. Procrastinating by one year will cost you $24,951.
This handout was produced by Think Small (www.thinksmall.org).
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