I want to invest some money...

[ajpa123]

Originally posted by: purbeast0

Originally posted by: ajpa123
Check out this Roth IRA tool.

You can enter your age, annual contribution, expected rate of return and age of retirement. It shows your likely progress over the years.

The only thing about that calculator, is that you cannot do what i was asking about heh.

you cannot say "i want to start with $3K and enter $4K/yr for 15 years, let it sit for 15 more years, and then see how much $$ i have in there"

it only allows you to see how much you have as soon as you stop putting money into it.

You can do it, in multiple steps though.
Run it once with the retirement age lowered to when you're going to stop puttin money in. Get the total and start over and put Zero for the annual contribution and adjust retirement relative to age to get total years that it will sit there.

Maybe I'm wrong, try it though.

 

[Koing]

I'm asian so I'll get my retirement from my kids!

w00t w00t w00t :thumbsup:

Koing

 

[vi edit]

I'm 25. Since I was 22, I've been building funds in an account with ING. They have 403B's (similar to 401k or 401As in their retirement programs) Basically, you open a 403b account with them and put your money in the account....pick some stocks and they'll manage your money for you. They've been getting me between 8-15% returns on my money for the last few years. I'd have to really look at the numbers to get an exact amount, but it's always been pretty impressive. Just an option to look into.

403b's are reserved for employees of certain non-profit orgs like schools and charity groups. Most people aren't eligible for them.