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Originally Posted by dig420
If you've been putting in the max that you claim for as long as you claim you still have only 180k in the bank. How does that translate into such riches?
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http://www.bloomberg.com/analysis/ca...rs/retire.html - do the math. I started with a $3000 deposit. I put in roughly $6000 per year for the first three years and have been putting in $15,000 a year ever since.
Do the math using that calculator. It shows that my retirement at 65 would yeild roughly $12M. I also have other fund diversified and earns me a steady interest rate of 11%.