How much would I need to invest per year with 6% and 20 years to have a 1M a the end?
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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.Quote:
Originally Posted by kmr2108
With no inflation. $27,200.00Quote:
Originally Posted by kmr2108
With only 3% inflation your 1mill would only be worth $554,000.00 in today's dollars.
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