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re: 401(k)
Posted on 1/16/18 at 10:16 am to In The Know
Posted on 1/16/18 at 10:16 am to In The Know
OP you are likely in the top 10% of contributors. Asking how well you are doing really doesn't make sense unless you say how much you earn and how much you expect to withdraw/ use in retirement.
But if you don't add another penny, and assuming a 7% increase a year where your money doubles then at 60 you'd have $1.5 mil without contributing any more. a 4% withdraw of that would be $60k a year.
But if you don't add another penny, and assuming a 7% increase a year where your money doubles then at 60 you'd have $1.5 mil without contributing any more. a 4% withdraw of that would be $60k a year.
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