Wealth--Estimated Accumulation of Personal Account Assets at Retirement at Age 65 for Plans 1, 2, and 3
Personal Account Contributions Starting in 2004
Individual
Worker
Couple
PA Portfolio/Yield*
Scaled LOW Earner
($15,875 in 2002)
Scaled MEDIUM Earner
($35,277 in 2002)
Scaled HIGH Earner
($56,443 in 2002)
Scaled MAXIMUM Earner
($84,900 in 2002)
Low
Yield
50%
Equity
High
Yield
Low
Yield
50%
Equity
High
Yield
Low
Yield
50%
Equity
High
Yield
Low
Yield
50%
Equity
High
Yield
(Billions of Constant 2001 Dollars)
Plan 1-- 2%
Retire at 65 in--
2012
$2,336
$2,532
$2,567
$5,192
$5,627
$5,704
$8,307
$9,003
$9,126
$15,473
$16,692
$16,907
2022
$7,530
$9,117
$9,420
$16,733
$20,261
$20,934
$26,772
$32,417
$33,494
$41,861
$50,009
$51,557
2032
$14,767
$19,935
$20,995
$32,815
$44,299
$46,657
$52,504
$70,879
$74,650
$78,497
$104,658
$110,022
2042
$23,388
$35,001
$37,557
$51,974
$77,781
$83,460
$83,158
$124,449
$133,536
$128,724
$192,992
$207,226
2052
$29,006
$45,395
$49,117
$64,457
$100,879
$109,149
$103,132
$161,406
$174,638
$168,165
$268,088
$291,096
2075
$36,201
$56,656
$61,300
$80,446
$125,901
$136,223
$128,713
$201,442
$217,957
$209,878
$334,587
$363,302
Plan 2-- 4% to $1,000
Retire at 65 in--
2012
$4,673
$5,064
$5,134
$9,068
$9,785
$9,912
$9,118
$9,836
$9,963
$9,118
$9,836
$9,963
2022
$15,059
$18,235
$18,840
$24,615
$29,416
$30,329
$24,669
$29,470
$30,383
$24,669
$29,470
$30,383
2032
$29,533
$39,869
$41,991
$46,200
$61,616
$64,777
$46,259
$61,676
$64,837
$46,259
$61,676
$64,837
2042
$46,776
$70,003
$75,114
$75,796
$113,669
$122,057
$75,862
$113,735
$122,123
$75,862
$113,735
$122,123
2052
$58,011
$90,791
$98,234
$97,854
$155,504
$168,757
$101,586
$163,501
$177,844
$99,112
$158,002
$171,562
2075
$72,401
$113,311
$122,601
$122,127
$194,076
$210,617
$126,785
$204,058
$221,958
$123,697
$197,195
$214,118
Plan 3-- 2.5% to $1,000, + 1%
Retire at 65 in--
2012
$4,089
$4,431
$4,492
$9,086
$9,847
$9,982
$13,221
$14,287
$14,475
$16,854
$18,182
$18,416
2022
$13,177
$15,955
$16,485
$29,282
$35,456
$36,634
$38,001
$45,625
$47,076
$45,599
$54,475
$56,162
2032
$25,842
$34,886
$36,742
$57,426
$77,524
$81,649
$72,451
$97,055
$102,102
$85,507
$114,005
$119,848
2042
$40,929
$61,252
$65,725
$90,954
$136,116
$146,055
$117,375
$175,893
$188,825
$140,224
$210,231
$225,735
2052
$50,760
$79,442
$85,955
$112,800
$176,538
$191,010
$149,420
$236,206
$256,076
$183,195
$292,047
$317,110
2075
$63,351
$99,147
$107,275
$140,780
$220,328
$238,390
$186,483
$294,797
$319,595
$228,636
$364,489
$395,769
* Low Yield assumes the Treasury Bond yield on all assets, or risk adjusted returns. High Yield reflects a higher 7.1% ultimate real yield on equities, OR investing 60% of PA in equities at the assumed 6.5% yield.

Note: Based on 2001 Trustees Intermediate assumptions, including 3.0% Treasury ultimate real yield; plus 6.5% equity, 3.5% corporate bond ultimate real yields, and 0.3% annual ultimate PA and annuity administrative cost. For portfolios with part equity, balance is assumed 60% corporate and 40% Treasury bonds.
Office of the Actuary
Social Security Administration
January 29, 2002

Return to List of Tables Return to memorandum List of memos