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Subject:  Re: What is the point of investing for retiremen Date:  2/11/2010  7:32 PM
Author:  aj485 Number:  66750 of 99258

I was trying to figure out how much I would have if I put in the $5,000 every year until I retire. I'm 28 and earn $28,000. Assuming I get an ok return, it just didn't seem like that much money to justify risking it in the market.

What return do you consider 'okay'?

Because, since you said you've been putting money into your Roth for several years, I'm going to assume that you currently have $15,000 in it. Then, assuming an 8% return and $5,000 in additional funds added each year until you are 67, I get about $1.6 million in your Roth.

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