At age 35 with no current investments, contributing to a Roth IRA for the next 30 years, assuming an 8% annual return, could result in an estimated $661,225 by age 65.
At age 35 with no current investments, contributing to a Roth IRA for the next 30 years, assuming an 8% annual return, could result in an estimated $661,225 by age 65.
Keep in mind that this projection excludes any additional funds from workplace retirement accounts.
Investing how much?
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Contributing roughly $500 per month could lead to that estimate, but this varies with market conditions and your personal circumstances. It's always good to review your goals periodically and adjust accordingly