You Started Your First Job After Graduating from College

question 117

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 25% of what you contribute each year. You expect to contribute $5,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8% per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $861,584.02
• B) $921,597.31
• C) $972,110.74
• D) $1,076,980.02