College vs Electrician
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1
paycost of schoolcost of living
pay after COLA/Retirement
lifetime earnings (after COLA/retirement)
retirement savings
lifetime retirement savings
(lifetime earnings + retirement)
2
$34,841.00
average electrcian apprenticeship salary
500020194$4,420.85$4,420.85$5,226.15$5,226.15
reccomended savings per year = 15 - 20%
$9,647.00
3
$34,841.00
average electrcian apprenticeship salary
$5,000.00$20,947.24
avg COLA increase = .0136 per year
$3,667.61$8,088.46$5,226.15$10,765.87
average investment return of 6%
$18,854.33
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$34,841.00
average electrcian apprenticeship salary
$21,232.12$8,382.73$16,471.20$5,226.15$16,637.97$33,109.17
5
$34,841.00
average electrcian apprenticeship salary
$21,520.88$8,093.97$24,565.17$5,226.15$22,862.40$47,427.57
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$36,000.00$21,813.56$8,786.44$33,351.61$5,400.00$29,634.14$62,985.75
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$38,000.00$22,110.22$10,189.78$43,541.39$5,700.00$37,112.19$80,653.58
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$40,000.00$22,410.92$11,589.08$55,130.46$6,000.00$45,338.92$100,469.39
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$42,000.00$22,715.71$12,984.29$68,114.75$6,300.00$54,359.26$122,474.01
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$42,000.00$23,024.65$12,675.35$80,790.11$6,300.00$63,920.81$144,710.92
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$44,000.00$23,337.78$14,062.22$94,852.33$6,600.00$74,356.06$169,208.39
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$44,000.00$23,655.17$13,744.83$108,597.15$6,600.00$85,417.43$194,014.58
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$44,000.00$23,976.88$13,423.12$122,020.27$6,600.00$97,142.47$219,162.74
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$46,000.00$24,302.97$14,797.03$136,817.30$6,900.00$109,871.02$246,688.32
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$46,000.00$24,633.49$14,466.51$151,283.81$6,900.00$123,363.28$274,647.09
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$46,000.00$24,968.51$14,131.49$165,415.30$6,900.00$137,665.08$303,080.38
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$48,000.00$25,308.08$15,491.92$180,907.23$7,200.00$153,124.98$334,032.21
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$48,000.00$25,652.27$15,147.73$196,054.96$7,200.00$169,512.48$365,567.44
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$50,000.00$26,001.14$16,498.86$212,553.82$7,500.00$187,183.23$399,737.05
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$50,000.00$26,354.75$16,145.25$228,699.07$7,500.00$205,914.23$434,613.29
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$52,000.00$26,713.18$17,486.82$246,185.89$7,800.00$226,069.08$472,254.97
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$52,000.00$27,076.48$17,123.52$263,309.41$7,800.00$247,433.22$510,742.63
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$52,000.00$27,444.72$16,755.28$280,064.69$7,800.00$270,079.22$550,143.91
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$52,720.00
average electrician pay
$27,817.97$16,994.03$297,058.73$7,908.00$294,191.97$591,250.70
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$54,000.00$28,196.29$17,703.71$314,762.44$8,100.00$319,943.49$634,705.93
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$54,000.00$28,579.76$17,320.24$332,082.68$8,100.00$347,240.10$679,322.78
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$54,000.00$28,968.44$16,931.56$349,014.23$8,100.00$376,174.50$725,188.74
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$56,000.00$29,362.42$18,237.58$367,251.82$8,400.00$407,144.97$774,396.79
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$56,000.00$29,761.74$17,838.26$385,090.07$8,400.00$439,973.67$825,063.75
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$56,000.00$30,166.50$17,433.50$402,523.57$8,400.00$474,772.09$877,295.66
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$56,000.00$30,576.77$17,023.23$419,546.80$8,400.00$511,658.42$931,205.22
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$56,000.00$30,992.61$16,607.39$436,154.19$8,400.00$550,757.92$986,912.11
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$58,000.00$31,414.11$17,885.89$454,040.08$8,700.00$592,503.40$1,046,543.48age 50
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$58,000.00$31,841.34$17,458.66$471,498.73$8,700.00$636,753.60$1,108,252.34
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$58,000.00$32,274.39$17,025.61$488,524.35$8,700.00$683,658.82$1,172,183.17
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$60,000.00$32,713.32$18,286.68$506,811.03$9,000.00$733,678.35$1,240,489.38
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$60,000.00$33,158.22$17,841.78$524,652.81$9,000.00$786,699.05$1,311,351.86
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$60,000.00$33,609.17$17,390.83$542,043.64$9,000.00$842,900.99$1,384,944.63
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$62,000.00$34,066.26$18,633.74$560,677.38$9,300.00$902,775.05$1,463,452.44
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$64,000.00$34,529.56$19,870.44$580,547.83$9,600.00$966,541.56$1,547,089.38
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$66,000.00$34,999.16$21,100.84$601,648.67$9,900.00$1,034,434.05retire age 58$1,636,082.72
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$66,000.00$35,475.15$20,624.85$622,273.52$9,900.00$1,106,400.09$1,728,673.61
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$66,000.00$35,957.61$20,142.39$642,415.91$9,900.00$1,182,684.10$1,825,100.01
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$68,000.00$36,446.63$21,353.37$663,769.28$10,200.00$1,263,845.14$1,927,614.42
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$68,000.00$36,942.31$20,857.69$684,626.97$10,200.00$1,349,875.85$2,034,502.83
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$70,000.00
75th percentile electrician
$37,444.72$22,055.28$706,682.25$10,500.00$1,441,368.40$2,148,050.66
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$70,000.00$37,953.97$21,546.03$728,228.28$10,500.00$1,538,350.51retire age 64$2,266,578.79
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$70,000.00$38,470.14$21,029.86$749,258.14$10,500.00$1,641,151.54$2,390,409.68
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$70,000.00$38,993.34$20,506.66$769,764.80$10,500.00$1,750,120.63$2,519,885.43
50
$70,000.00$39,523.65$19,976.35$789,741.15$10,500.00$1,865,627.87$2,655,369.02
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$70,000.00$40,061.17$19,438.83$809,179.98$10,500.00$1,988,065.54$2,797,245.52
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$70,000.00$40,606.00$18,894.00$828,073.98$10,500.00$2,117,849.47retire age 69$2,945,923.45
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