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re: saving at the beginning of your career.

Posted on 11/12/13 at 6:25 pm to
Posted by Volvagia
Fort Worth
Member since Mar 2006
51919 posts
Posted on 11/12/13 at 6:25 pm to
quote:

With more aggressive 12% return projection, that $120 dollars in 2013 will be over $100k in 2053.


This math seems off by an order of magnitude.

Did you mean 1200 as opposed to 120?
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67218 posts
Posted on 11/12/13 at 6:32 pm to
quote:

With more aggressive 12% return projection, that $120 dollars in 2013 will be over $100k in 2053.


This math seems off by an order of magnitude.

Did you mean 1200 as opposed to 120?



He has to be. Plus, 12% is just unthinkably generous.
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