A native Californian transplanted in southern Illinois.Something I like to do at the end of each year is look at the current value of my nest egg and make some projections.
In my tax deferred accounts:
If I stop contributing now and earn a little over 8%, I will hit my minimum goal of 600k at age 65. If I earn 7.25%, I will hit it at age 67. I don't want to count on anything higher than 7%, but of course, I wouldn't mind.
If I continue contributing at my current rate and earn 7%, I will have 632k at age 65, 731k at age 67.
So I am glad that I have a good shot at hitting my minimum goal.
In my Roth, if I stop contributing now there is no way I will come close to my minimum goal.
If I continue contributing as I am now and earn 7%, I will have 131k at age 65, 155k at age 67.
Year End Nest Egg Number Crunching
January 13th, 2011 at 05:14 am