Every month, $300 are taken from my gross income and put into a retirement investment known as a 403B
Roth (what the private sector calls a 401K).
Suppose my job did not offer me a pension nor the
opportunity for a 403B, as many companies do not. So
instead, I take those $300 each month and just put
them away into my savings account.
I am currently 28 years old (I would argue I'm still fairly
young!), and my projected retirement age is 65.
By putting away these $300 every month (11 months a
year), how much money will I have by the time I retire?