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Brown Cafe UPS Forum
UPS Retirement Topics
401k for dummies?
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<blockquote data-quote="olroadbeech" data-source="post: 2195569" data-attributes="member: 52145"><p>if you could max out now you will have close to 2.5-3 million in 35 years . use the calculator on the 401k website . the last 40 years the market has averaged 8 percent gains per year.</p><p></p><p>even if it only averages 5 % gains over the next 35 years you will have a couple mill.</p><p></p><p>on one calculator , if you save 20% of your income till you retire , you will have over 4 million.( of course past performance does not guarantee future results )</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 2195569, member: 52145"] if you could max out now you will have close to 2.5-3 million in 35 years . use the calculator on the 401k website . the last 40 years the market has averaged 8 percent gains per year. even if it only averages 5 % gains over the next 35 years you will have a couple mill. on one calculator , if you save 20% of your income till you retire , you will have over 4 million.( of course past performance does not guarantee future results ) [/QUOTE]
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