President's Commission to Strengthen Social Security

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