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anonymous
 5 years ago
i have a retirement account. i want to calculate how much i will have in it when i retire. whats the best way to do that?
anonymous
 5 years ago
i have a retirement account. i want to calculate how much i will have in it when i retire. whats the best way to do that?

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Value after n years= A [ {(1+r)^n 1}/r] A the amount you're setting aside per year r rate of interest you're getting n no. of years

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0is the rate of interest an annual number? or compunded or what?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0It will depend upon your retirement plan. It is usually annual. However, if it is compounding then, the value of n will change. For example, if the plan is compounding 2 times a year (halfyearly compounding) then the the value of n will 2*(no. of years).

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0hmm... its just a roth ira where my money goes into the stock market and is managed by the brokerage. i dont know how to calculate the percentage. i have put 2800 in it so far and it is up to 3200

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0its been about 7 months by the way

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I don't live in US so have little idea about the roth IRA. However, i think this might help you out > http://www.rothira.com/tools/calculator/

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0do you know the approximate rate of interest you'll be earning?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0not really. its in the stock market so it varies. usually the standard to expect is 78%

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0using the formula i stated before, you can get an approximate idea. For instance, if you put in 3000 in the begining of every year for 10 years, you'll get = 3000 [ (1.08^10 1)/0.08] = 43459.6 after 10 years
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