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social security in constant dollars
http://www.megaupload.com/?d=YYPWFDF8
some excel files the only thing I estimated was the monthly benefit cause I was too lazy to do that, but it should be pretty close. for estimate I used http://www.heritage.org/research/fea...alcWelcome.asp actually I looked and it is off a bit. can be computed accurately at http://www.ssa.gov/retire2/AnypiaApplet.html the first data below is for max contribution, second is for minimum wage (actually I used 12k for est. ). the excel files have some inflation stuff you can addin if you want. basically if you pay max for 45 years it takes 16 years to get your money back (basically investing at 0% rate of return after inflation), while if you pay minimum wage 45 years you get your money back after 8 years. also single not married. at 2% simple interest, its 26 years and 13 years to get your money back. in the excel files you can just change the .02 and everything recalculates. note that this 2% is after inflation is taken out, so for example if inflation is 5%, it would be like getting an actual rate of 7% for that year. also I just used simple interest compounded yearly, so math gurus might be able to tell how much that underestimates it. --------------------------- Per month benefit(est.) 2,088 Per month 1982 benefit 1,034 Yearly 1982 benefit 12,408 Total contribution 1982 dollars 193,696 Year Cum. Returned % returned 1 12,408 6 2 24,815 13 3 37,223 19 4 49,631 26 5 62,038 32 6 74,446 38 7 86,854 45 8 99,261 51 9 111,669 58 10 124,077 64 11 136,485 70 12 148,892 77 13 161,300 83 14 173,708 90 15 186,115 96 16 198,523 102 17 210,931 109 18 223,338 115 19 235,746 122 20 248,154 128 21 260,561 135 22 272,969 141 23 285,377 147 24 297,784 154 25 310,192 160 26 322,600 167 27 335,008 173 28 347,415 179 29 359,823 186 30 372,231 192 ------------------------------ Per month benefit(est.) 761 Per month 1982 benefit 377 Yearly 1982 benefit 4,522 Total contribution 1982 dollars 34,456 Year Cum. Returned % returned 1 4,522 13 2 9,044 26 3 13,566 39 4 18,089 52 5 22,611 66 6 27,133 79 7 31,655 92 8 36,177 105 9 40,699 118 10 45,221 131 11 49,744 144 12 54,266 157 13 58,788 171 14 63,310 184 15 67,832 197 16 72,354 210 17 76,877 223 18 81,399 236 19 85,921 249 20 90,443 262 21 94,965 276 22 99,487 289 23 104,009 302 24 108,532 315 25 113,054 328 26 117,576 341 27 122,098 354 28 126,620 367 29 131,142 381 30 135,664 394 |
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