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Today (Born ~2016)
- Time until age 18: ~8 years of contributions + ~47 years post-18 until retirement (~age 65).
- Contributions: $5,000/year for 8 years = $40,000 total invested.
- Projected balance at age 18: ~$55,000–$60,000.
- Projected balance at retirement (age 65, no further contributions): ~$500,000–$800,000+ (depending on exact returns).
- With continued continue reading …
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