Crunching the DollarsBy JOHN VINEYARDTo make a rough calculation of how much you might be able to accumulate in your retirement savings, let's say you are a new Ph.D. who has landed on the tenure track with a starting salary of $45,000. For the next six years, until you come up for tenure, let's assume that you get annual raises of 4 percent, and that the college pays an amount equal to 15 percent of your salary... Copyright © 2008 by The Chronicle of Higher Education Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help |