You have just landed a job paying $50,000 per year. You plan on working for the next 40 years. For this assignment, use a birth date of 9/1/1997 and a retirement date of 9/1/2062.

Your projected social security benefit is 1,726.00 monthly

Since this is an online job, and since you know that social security takes 12.6% of your pay, you decide to look at your options. The Motley Fool has told you that the average growth of the stock market is 10% per annum. You also know if you run to certain countries, you can put that 12.6% in the stock market. Using the standard annuity formula with yearly contributions, how much money will you have at retirement?