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-   -   Investing money per year with 6% and have 20 years to have 1M (https://www.askmehelpdesk.com/showthread.php?t=47498)

  • Dec 9, 2006, 08:09 AM
    kmr2108
    Investing money per year with 6% and have 20 years to have 1M
    How much would I need to invest per year with 6% and 20 years to have a 1M a the end?
  • Dec 9, 2006, 11:02 AM
    FiatCredit
    Quote:
    Originally Posted by kmr2108
    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.
  • Dec 10, 2006, 06:27 PM
    walt17
    Quote:
    Originally Posted by kmr2108
    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.

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