Quote:
Originally Posted by biker1
A couple of years ago I put together a quick spreadsheet to figure out the future value of my SS contributions (both mine and my employer's). I assumed 7.5% return each year. I should have used an actual stock market index return - maybe I'll go back and do that. Regardless, the future value turned out to be approximately 5x what was put in. Assuming a withdrawal rate of 5%, it would provide me about 30% more than my SS benefit.
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I just did mine roughly and at 8% and came up with 4x what was put in. I’ll work on it later with actual market returns. (By way of comparison, I expect to receive over 5x of what I contributed)
I’ll also try the 5% withdrawal to see how many years the money lasts but that will be even more dependent on future returns.
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Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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