Given Social Security will NOT exist when you want to retire you are proactively investing for your own retirement. Beginning today, you will contribute the first of 20 yearly after-tax dollar payments of $6,500 into your Roth Individual Retirement Account (IRA). After these payments, no additional funds will be deposited nor withdrawn until 2062. If your expected rate of return is 7 percent, how much will your Roth IRA be worth in 2062?

begginning year: 2020