Ed
Have you tried the Mutual Fund Impact Calculator. The Internet site ID is:
http://www.investored.ca/en/interact....htm#topOfForm
It is a pretty good tool. I had to mess around with it a few times to appreciate it. This programs assumes that a given sum of money is invested at the beginning of the year for so many years. It is a very accurate program. A somewhat similar program on the NASD Internet site has some flaws. I noticed that the FAIRX mutual fund that you are interested in had a great run over the last five to ten years. You cannot expect it to grow like that in the future -- it might, but don't count on it. Also the FAIRX funds has a 1.0% expense ratio and also charge an additional 2% when you take the money out of the fund. That amounts to 3% during the last year -- so if the fund averages 10% for 10 years; an initial $1000 investment would return $2,309.40 when cashed in. An index fund with no front or exit loads and an expense ratio of 0.2% at an average of 10% per year would be worth $2,544.65 after 10 years. The index fund expenses are about $50 compared to about $284 for the FAIRX fund -- this is about 5.5 times higher for the FAIRX fund. Also the index fund market return could be at least 1.0% lower than the FAIRX fund and still beat it. The point is; the FAIRX fund may be a great fund and always beat a specific index fund, but actively managed mutual funds on balance cannot consistently beat the index (indexes) -- they never have. A great actively managed fund could be compared to a great poker player, but if all of the competition poker players were also great players -- forget it. My advice is -- don't put all of your 401(k) retirement money in one fund.
I suggest you also look into the Vanguard Group funds -- their expenses are very low.
If you have over $100,000 to roll over; you might consider the Dimensional Funds.
http://www.dfaus.com/
Their returns are probably the best. The are not easy to use. You must go through a financial advisor and the expenses could approach 2% per year.
If you are interested in the efficient market approach, I suggest you read "The Four Pillers of Investing (lessons for building a winning portfolio)" by William J. Bernstein. William Bernstein is a brilliant man and he also has a Web Site.