kmr2108
Dec 9, 2006, 08:09 AM
How much would I need to invest per year with 6% and 20 years to have a 1M a the end?
FiatCredit
Dec 9, 2006, 11:02 AM
How much would I need to invest per year with 6% and 20 years to have a 1M a the end?
More than $1 million dollars if you want to have the same buying power because the true rate of inflation is running above 6% and will certainly increase as entitlements are repaid.
walt17
Dec 10, 2006, 06:27 PM
How much would I need to invest per year with 6% and 20 years to have a 1M a the end?
With no inflation. $27,200.00
With only 3% inflation your 1mill would only be worth $554,000.00 in today's dollars.