Noob in retirement

tttcomrader · #1 (**permalink**) 05-16-2010, 01:58 PM

I just entered the work force and I'm enrolled into the Tiaa-Cref 2045 program.

I'm currently contributing about $250 a month, while my employer matches $175.

If I do retire in 2045, how much should I be getting back? Would I take a lump sum or will it be like a pension?

Thanks.

isralexba · #2 (**permalink**) 05-20-2010, 12:48 PM

this highly depends on the interest you'll be getting.
let's leave aside inflation and discuss nominal yield of 4% to 8% per year (higher rate means higher risk though...). we also leave aside the management fees and different commisions.

with 4% for 35 years you will have 390K$

with 8% you will have 949K$....

seenathkumar · #3 (**permalink**) 06-15-2010, 03:35 AM

Can anybody suggest me the best retirement mutual fund plan.

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