(no subject)

Apr 26, 2005 14:07

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.
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