What a nest egg hatches into at retirement

8% 11% m Total deposit Approximate Approximate at age 65 monthly monthly (at $2,000 Value at payment Value at payment Age per year) age 65* at age 65 age 65 at age 65 25 $80,000 $632,554 $5,099 $1,621,049 $16,327 35 60,000 266,845 2,151 518,769 5,225 45 40,000 104,323 841 157,354 1,584 55 20,000 32,097 258 38,853 391 65 10,000 12,838 103 14,147 142 Source: Manufacturers Honover Trust Company How to figure your net worth Assets m Money in checking account m Money in savings accounts m Certificates of deposit, other time deposits m Series E, other government bonds m Stocks or mutal fund certificates m Bond certificates m Cash value of life insurance m Equity in vested pension fund m Market value of automobiles, other motor vehicles m Market value of home and other real estate m Household furniture and appliances (keep room-by-room inventory separately for insurance) m Jewelry m Sports and musical equipment m Antiques and collections (keep separate inventory) m Clothing (particularly fur coats and other big-price-tag items) m Loans receivable m Cash value of any business you might have m Other assets mTOTAL ASSETS Liabilities m Mortgage on home or other real estate m Unpaid taxes m Notes (total unpaid, not current amount due) m Installment debts (see above) m Charge account debts (see above) m Other personal obligations (think hard) m TOTAL LIABILITIES Source: Manpower Education Institute, New York

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to What a nest egg hatches into at retirement
Read this article in
https://www.csmonitor.com/1982/1122/112270.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us