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You currently have $25,000, and plan to add another $250,000 when you receive a payout from a trust fund 10 years from now. If you
You currently have $25,000, and plan to add another $250,000 when you receive a payout from a trust fund 10 years from now. If you assume you can earn 5.5% on those funds until retirement, how much will you have at retirement 45 years from today assuming no additional savings are added? | ||||
Current Balance: | 25,000 | |||
Added funds: | 250,000 | |||
Years to added funds: | 10 | |||
Years to retirement: | 45 | |||
Assumed rate: | 5.5% | |||
Balance at Retirement: | ||||
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