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Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65 . Barry calculates that
Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65 . Barry calculates that he can contribute $2,500 per year to his plan. Barry's employer will match this amount. If Barry can earn a return of 9% on his investment, he will have $423,504.48 at retirement. How much would Barry have at retirement if he had started this plan at age 30 ? If Barry had started this plan at age 30 , the amount he would have at retirement is $. (Round to the nearest dollar.)
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