Assumptions For Graph: Tax-Deferred Savings Build Wealth
1. 7% rate of return. 2. Annual salary to age 67 was $100,000. 3. Social Security at age 67 was $30,000 + spousal of $15,000. 4. Annual contributions to retirement plans were $12,000. 5. Annual spending was $80,000; $70,000 after retirement.