Table A3. Accumulated Assets in Individual Account (IA) at Retirement
Retire at 65
Contribution Rate: 8% for $1, 3% for Maximum Earnings
Accumulated IA at Specified Percent of OASDI Taxable Earnings
Contributions Starting in 2003, or Age 21, if Later, Through Age 64
Annual Administrative Expenses (as Percent of Assets)
     During Accumulation = 0.1%
Year
Attained
Age 65
DeMint Contribution Rates Based on Formula
 
Percent of Assets Invested in Equities 1/
60.0%
88.6%
31.4%
0.0%
Real Net Yield on Assets During Accumulation
5.0
6.0
4.0
2.9
5.0
6.0
4.0
2.9
(Current dollars)
(Constant 2000 dollars)

Scaled Low Earner
2012
15,474
16,234
14,750
13,996
10,932
11,469
10,421
9,888
2022
71,518
79,704
64,256
57,230
36,519
40,699
32,811
29,223
2032
214,619
254,431
181,695
152,050
79,208
93,901
67,057
56,116
2042
527,589
664,849
421,603
332,585
140,732
177,346
112,461
88,716
2052
928,102
1,196,777
726,033
560,705
178,933
230,732
139,975
108,101

Scaled Medium Earner
2012
29,780
31,229
28,401
26,965
21,039
22,063
20,065
19,050
2022
133,016
148,050
119,671
106,750
67,921
75,598
61,107
54,509
2032
397,029
470,282
336,448
281,899
146,529
173,564
124,171
104,038
2042
988,545
1,246,887
789,362
622,329
263,690
332,602
210,559
166,003
2052
1,759,957
2,275,286
1,373,535
1,058,363
339,309
438,662
264,809
204,046

Scaled High Earner
2012
39,610
41,507
37,803
35,921
27,984
29,324
26,707
25,378
2022
167,596
186,142
151,118
135,142
85,579
95,049
77,165
69,007
2032
495,781
586,423
420,817
353,309
182,974
216,427
155,308
130,393
2042
1,260,727
1,592,595
1,005,468
791,944
336,293
424,818
268,204
211,248
2052
2,287,946
2,969,820
1,778,971
1,365,850
441,103
572,564
342,975
263,328

Steady Maximum Earner
2012
41,332
43,252
39,503
37,596
29,201
30,557
27,909
26,561
2022
164,606
182,348
148,825
133,509
84,052
93,112
75,994
68,173
2032
479,843
566,363
408,269
343,786
177,092
209,024
150,677
126,879
2042
1,247,260
1,577,806
993,720
782,240
332,701
420,873
265,070
208,659
2052
2,425,784
3,183,372
1,866,858
1,418,702
467,677
613,736
359,919
273,518
Average Annual Earnings level in 2000
is assumed at
:
  Low       15,156
  Average 33,680 (=SSA Average Wage Index)
  High       53,888
Ultimate Assumed Growth Rates and Real Yields
 4.30   percent annual increase in Average Earnings
 3.30   percent annual CPI increase
 3.00   percent annual real yield on Larger Than U.S. Government Bonds
 3.50   percent annual real yield on Corporate Bonds
 6.50   percent annual real yield on Equities
 0.10   percent annual Administrative Expense
 3.398 percent equity premium over LT Govt Bonds
Earnings Scale Factors #2: using cross section data of all fully insured for 1985-94
1/ The balance of each portfolio is assumed to be invested in Larger Than U.S. Government Bonds.

Based on the intermediate assumptions of the 2001 Trustees Report
Office of the Actuary
Social Security Administration
December 16, 2001

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