Adopt_a_jew_corp : it will take me until im 88 to be a millionare if i only save 100 a month starting now
OOHAYKUF : you could afford a really nice nursing home
Adopt_a_jew_corp : HAHAHHAHAAAA
If you invest $0 now and
$100 monthly at 6.00%, you'll be a millionaire in 70 years at age 88.
To
be a millionaire at age 55, you'll need to:
- Increase the amount you
invest now to $108,179 , or
- Increase your monthly
investment to $677 ,
or
- Achieve a rate of return
of 13.62%.
When
adjusted for inflation, $1 million in 70 years would be equivalent to $129,858
today.