.

I/Y8.00%Net Return7.97%Example:

.

3 BIPs0.03%Federal Thrift Savings Plan

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 7.97%at 7.97%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,863$863$5,867$867$40.40%

.

10$10,000$14,466$4,466$14,487$4,487$210.46%

.

15$15,000$27,089$12,089$27,152$12,152$630.52%

.

20$20,000$45,610$25,610$45,762$25,762$1520.59%

.

25$25,000$72,786$47,786$73,106$48,106$3200.66%

.

30$30,000$112,662$82,662$113,283$83,283$6220.75%

.

35$35,000$171,170$136,170$172,317$137,317$1,1460.83%

.

.

I/Y8.00%Net Return7.80%Example:Vanguard

.

20 BIPs0.20%

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 7.80%at 7.80%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,843$843$5,867$867$232.69%

.

10$10,000$14,350$4,350$14,487$4,487$1373.05%

.

15$15,000$26,733$11,733$27,152$12,152$4193.45%

.

20$20,000$44,761$24,761$45,762$25,762$1,0013.89%

.

25$25,000$71,005$46,005$73,106$48,106$2,1014.37%

.

30$30,000$109,210$79,210$113,283$83,283$4,0734.89%

.

35$35,000$164,828$129,828$172,317$137,317$7,4895.45%

.

.

I/Y8.00%Net Return7.50%Example:TIAA-CREF

.

50 BIPs0.50%

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 7.50%at 7.50%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,808$808$5,867$867$586.72%

.

10$10,000$14,147$4,147$14,487$4,487$3397.57%

.

15$15,000$26,118$11,118$27,152$12,152$1,0348.51%

.

20$20,000$43,305$23,305$45,762$25,762$2,4579.54%

.

25$25,000$67,978$42,978$73,106$48,106$5,12810.66%

.

30$30,000$103,399$73,399$113,283$83,283$9,88411.87%

.

35$35,000$154,252$119,252$172,317$137,317$18,06513.16%

.

.

I/Y8.00%Net Return7.00%Example:T. Rowe Price

.

100 BIPs1.00%

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 7.00%at 7.00%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,751$751$5,867$867$11613.37%

.

10$10,000$13,816$3,816$14,487$4,487$67014.94%

.

15$15,000$25,129$10,129$27,152$12,152$2,02316.65%

.

20$20,000$40,995$20,995$45,762$25,762$4,76618.50%

.

25$25,000$63,249$38,249$73,106$48,106$9,85720.49%

.

30$30,000$94,461$64,461$113,283$83,283$18,82222.60%

.

35$35,000$138,237$103,237$172,317$137,317$34,08024.82%

.

.

I/Y8.00%Net Return6.50%Example:

.

150 BIPs1.50%Average Mutual Fund

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 6.50%at 6.50%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,694$694$5,867$867$17319.96%

.

10$10,000$13,494$3,494$14,487$4,487$99222.11%

.

15$15,000$24,182$9,182$27,152$12,152$2,97024.44%

.

20$20,000$38,825$18,825$45,762$25,762$6,93726.93%

.

25$25,000$58,888$33,888$73,106$48,106$14,21829.56%

.

30$30,000$86,375$56,375$113,283$83,283$26,90832.31%

.

35$35,000$124,035$89,035$172,317$137,317$48,28235.16%

.

.

I/Y8.00%Net Return6.00%Example:

.

200 BIPs2.00%Average Variable Annuity

.

PV$0Croupier'sShortfall as

.

PMT-$1,000Net GainMarket ReturnNet Take / Fin.Percent of

.

Years (N)Total InvestmentFV at 6.00%at 6.00%of 8%Market GainShortfallMarket Gains

.

5$5,000$5,637$637$5,867$867$23026.48%

.

10$10,000$13,181$3,181$14,487$4,487$1,30629.10%

.

15$15,000$23,276$8,276$27,152$12,152$3,87631.90%

.

20$20,000$36,786$16,786$45,762$25,762$8,97634.84%

.

25$25,000$54,865$29,865$73,106$48,106$18,24137.92%

.

30$30,000$79,058$49,058$113,283$83,283$34,22541.09%

.

35$35,000$111,435$76,435$172,317$137,317$60,88244.34%