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clearwaterrev t1_jef7dt1 wrote

If you are investing around $40k per year (between your contributions and your employer's match), you will likely get to around $3M by age 65. No one can know what future market returns will be, but if you assume a 6% return, the future value of your investments is $2.9M.

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TyperMcTyperson OP t1_jef81cd wrote

Ok. So currently I'm on target for like $51k per year including the backdoor roth. So sounds like I'm on a decent trajectory. Does that number you quoted include my current balance of around $415k?

Do you have a retirement calculator you are using for this? Or just basic compounding interest calc?

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clearwaterrev t1_jef8bmv wrote

I used the future value formula in excel, and included a present value of $450k (your 401k balance and other investments).

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