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How big of a nest egg do you expect to have

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Question - At age 35 you have accumulated $70,000 in your 403(b) retirement fund. Upon changing employers you roll the fund over. Assuming your new employer has a matching 6% 401(k) plan and your average expected salary over the next 25 years is $75,000, and you expect to earn an average return after expenses of 8%. How big of a "nest egg" do you expect to have at age 60?

Reference no: EM132589426

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