RETIREMENT
FUNDING CHART
|
AGE
|
AVERAGE SALARY |
10% SAVINGS YEARLY |
Compounding Factor Rounded |
FUTURE RETIREMENT FUND |
|
25 |
$20,000 |
$2,000 |
443 |
$886,000 |
|
30 |
$30,000 |
$3,000 |
271 |
$813,000 |
|
35 |
$40,000 |
$4,000 |
164 |
$656,000 |
|
40 |
$60,000 |
$6,000 |
98 |
$588,000 |
|
45 |
$70,000 |
$7,000 |
57 |
$399,000 |
|
50 |
$80,000 |
$8,000 |
32 |
$256,000 |
|
55 |
$90,000 |
$9,000 |
16 |
$144,000 |
|
60 |
$100,000 |
$10,000 |
6 |
$60,000 |
|
|
|
|
|
|
This chart is designed to show us how much we could save for our retirement fund. I assumed an annual 10% savings, coupled with 10% compounded annual return and a typical retirement at age 65. The 25 year old, thus had 40 years to save, while the 60 year old only had 5 years! Start Today!!!!!
The average salaries were just wild guesses, so I left some columns for
your actual input. 25 Year OLD, just check to see how an IRA would benefit
you, if you started today!
YOU NEED TO PLAN TODAY FOR YOUR TOMORROW!!!
For a full blown Retirement Seminar Outline, go to
Where
I explain this chart and a lot of others that relate to
Earnings, Inflation
and Compounded Interest
I CAN EMAIL ANY O F THESE EXCEL WORKSHEETS FOR YOU TO USE.
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