How Much Do You Have in Your Retirement Accounts?

You're putting away 19 thousand 500 dollars a year. That's a monthly contribution of 16 hundred and 25 dollars. You earn a six % return on that money, then by the time you hit aged 60, you're going to have one million, 378 thousand dollars. And if you earn seven% or eight%, you'll have one million 857 thousand dollars. By the way, the markets have earned more than this historically. So the answer to your question is just to make sure that the money's not sitting in cash. The money needs to be invested. If you are looking for an easy way to do it, you can look at a target date retirement fund that lines up with your