Tilted Forum Project Discussion Community - View Single Post - Eight False Things The Public “Knows” Prior To Election Day

Cimarron29414 · 10-29-2010, 06:24 AM

If 3.5% is 10 bucks, then no - you will not be a millionaire.

Find me any 40 year period in the market, and you take your contributions and the annual return. I think you will find your coming out just fine. Here's a quick one:

3.5% of $50K salary is $1750. Divided in months is $145.83/month Put into the market at a 10% rate of return will give you $929K in 40 years. Since any good advisor says you need to keep back 15% for retirement, you can see how it goes...

For the love of God, don't come back with "Well, that's a $50K salary!" You can go find an investment calculator, put in your salary, and calculate whatever you want. The point is, it isn't that hard to earn wealth through investments - unless you are "investing" in the SS program.

10-29-2010, 06:24 AM	#49 (permalink)
Cimarron29414 Still Free Location: comfortably perched at the top of the bell curve!	If 3.5% is 10 bucks, then no - you will not be a millionaire. Find me any 40 year period in the market, and you take your contributions and the annual return. I think you will find your coming out just fine. Here's a quick one: 3.5% of $50K salary is $1750. Divided in months is $145.83/month Put into the market at a 10% rate of return will give you $929K in 40 years. Since any good advisor says you need to keep back 15% for retirement, you can see how it goes... For the love of God, don't come back with "Well, that's a $50K salary!" You can go find an investment calculator, put in your salary, and calculate whatever you want. The point is, it isn't that hard to earn wealth through investments - unless you are "investing" in the SS program. __________________ Gives a man a halo, does mead. "Here lies The_Jazz: Killed by an ambitious, sparkly, pink butterfly."