Post by incognitony on Oct 24, 2014 19:21:27 GMT -5
I put about 8k and my employer puts 6k in my 403b, I put $800 into a Roth IRA, if I do only 500-800 a yr in a Roth how much income would that add when I retire? I'm 30 and have about 70% of my yearly salery in my 403b.
The income question is a bit tricky, but using basic assumptions, if you start with zero and put $600/yr into the Roth, so $50/month, if it grows at 5% annually, you'd have about $40,000 after 30 years. $18,000 would be the amount you put in total over the years, and $22,000 would be earnings on those deposits.