And the more it sits, the more it becomes right... Imagine saving a 100 usd in the savings every month... Imagine what you'll have at retirement...
20 % is insane.. Laughs not even a bank can give you such returns 😂😂
And the more it sits, the more it becomes right... Imagine saving a 100 usd in the savings every month... Imagine what you'll have at retirement...
20 % is insane.. Laughs not even a bank can give you such returns 😂😂
23 years til retirement for me, putting in 100 a month = 27,600 total.
Hot dayum.... It's a lot more than I expected.
I've got 38 years, saying I retire at the age of 65. Laughs not bad though not bad.
Where did you get that calculator? Just a quick google?
compounding matters!!
Easy tool:
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
But it's calculated daily? Isn't it monthly?
Not sure tbh. However, you would still end up at $11,442,917.48
Yeah I did a monthly now, it's pretty much the same... I added 1000 usd as an initial with 100usd monthly at 38 years.
Ended up with $13,132,102.02
That is major, I never really thought about it like that.... And that's dollars that is worth so much more for me 😂💵 and yet I can still afford to put away 100 usd a month... If I stack 200 I'd be retiring well over here. 😂
This is why I keep saying it is important to maximize investment potential, and actually start investing into something. It is so easy (especially when young) to piss it away, when instead, a person could retire at 40. Might seem old to you now - but it really isn't!