How much should expect to have when retire in twenty years

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Point 1: Consider that you are 45 years old and have just changed to a new job. You have $142,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $6,400 each year into your new employer's plan.

Question 1: If the rolled-over money and the new contributions both earn a return of 9 percent, how much should you expect to have when you retire in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM132487960

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