How much would a 401k with 30k in it be worth in 32 years?

Question

No, this is not a textbook question. I don't have the understanding of 401k's that i would like to have. And at the age of 27 I have 30k in my 401k and was wondering how much it would be worth with no longer adding additional funds to it?

Thank you

Answer 1

One thing your should seriously consider is to have Roth 401k instead of regular 401k.  Because you have a long while to go before taking the money out, most likely you rather pay taxes on the $30k now instead of the hundreds of thousands when you take a distribution.

Best wishes.

Answer 2

It depends on how well the investments do.

At 5% per year, you would have over $152,000

At 10% per year, you would have over $675,000

The long term average for stocks is 12%. If you were to get 12% per year, you would have over $1.2 million.