What is your estimated futrue value

Reference no: EM13294852

Assume you are 25 and earn $35,000 per year, never expect to receive a raise, and plan to retire at age 55. if you invest 5 percent of your salary in a 401(k) plan returning 10 percent annually, and the company provides a $0.50 per $1.00 match on your contribution up to 3 percent of your salary , what is your estimated futrue value? once you retire, how much can you withdrawl monthly if you want to deplete your account over 30 years (Use the money in motion Caculator)

Reference no: EM13294852

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