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The Water Cooler
General Discussion
New job, rollover vs cashing out?
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<blockquote data-quote="DPI" data-source="post: 1474175" data-attributes="member: 793"><p>Lets take this one more step further. If you invest in a diversified mix of mutual funds, you will likely receive an average of 9% per year, based on historical trending.</p><p></p><p>That said, if you retire at 65, based on simple compounding interest, that $14,442 will be worth $294,827.</p><p></p><p>Year -Value</p><p>1- $15,742 </p><p>2- $17,159 </p><p>3- $18,703 </p><p>4- $20,387 </p><p>5- $22,221 </p><p>6- $24,221 </p><p>7- $26,401 </p><p>8- $28,777 </p><p>9- $31,367 </p><p>10- $34,190 </p><p>11- $37,268 </p><p>12- $40,622 </p><p>13- $44,278 </p><p>14- $48,263 </p><p>15- $52,606 </p><p>16- $57,341 </p><p>17- $62,501 </p><p>18- $68,127 </p><p>19- $74,258 </p><p>20- $80,941 </p><p>21- $88,226 </p><p>22- $96,166 </p><p>23- $104,821 </p><p>24- $114,255 </p><p>25- $124,538 </p><p>26- $135,746 </p><p>27- $147,964 </p><p>28- $161,280 </p><p>29- $175,796 </p><p>30- $191,617 </p><p>31- $208,863 </p><p>32- $227,660 </p><p>33- $248,150 </p><p>34- $270,483 </p><p>35- $294,827</p></blockquote><p></p>
[QUOTE="DPI, post: 1474175, member: 793"] Lets take this one more step further. If you invest in a diversified mix of mutual funds, you will likely receive an average of 9% per year, based on historical trending. That said, if you retire at 65, based on simple compounding interest, that $14,442 will be worth $294,827. Year -Value 1- $15,742 2- $17,159 3- $18,703 4- $20,387 5- $22,221 6- $24,221 7- $26,401 8- $28,777 9- $31,367 10- $34,190 11- $37,268 12- $40,622 13- $44,278 14- $48,263 15- $52,606 16- $57,341 17- $62,501 18- $68,127 19- $74,258 20- $80,941 21- $88,226 22- $96,166 23- $104,821 24- $114,255 25- $124,538 26- $135,746 27- $147,964 28- $161,280 29- $175,796 30- $191,617 31- $208,863 32- $227,660 33- $248,150 34- $270,483 35- $294,827 [/QUOTE]
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