Question: At age 25, Anton graduated from college. Immediately afterwards, he started his first full-time job. Since he had lived on a limited income throughout college, he decided to enjoy his higher income. He figured he would have plenty of time to save for retirement when he was older. At age 40, he decided to start contributing to his Roth IRA. He contributed $2,000 per year until he retired at age 65. For 25 years, he invested $2,000 into an S&P 500 stock fund within his Roth IRA and it earned a return of 8% per year.