If you saved $200 a month starting at age 18, how much would you have at age 65?

[cwegescheide]

True, very true... And 1.3mil 47 yrs from now will probably fill your gas tank for a year :lol:

 

[stlouisguy]

Then along those lines putting away $200 a month would be like buying a candy bar, shouldnt be very hard.

I guess you guys are right, better to not save at all since no one will have enough money anyway


I just know if you dont start you will never finish

 

[phc567]

nope.. I didnt say dont save. the numbers are just not realistic thats all

 

[trottman]

<a href=showthread.php?s=&postid=8423266#post8423266 target=_blank>Originally posted</a> by phc567
nope.. I didnt say dont save. the numbers are just not realistic thats all

the gas price has increased 740% since 1959 to now. this is pretty much the same for all other items from then to now.

basically if this continues, we are all screwed. therefore, THINK POSITIVELY mabe these numbers are realistic... in my dreams?

if not gas may cost around $18 a gallon 47 years from now if the supplies and demands stay at the same levels.

overall, inflations a bit(h.... but clark's idea wasn't bad... mabe if you figured out the inflation rate theoretically, you could calculate how much to save each year. starting at 200 now then moving up as inflation moves its way up.
--this all assumes that interest rates stay the same and that no major crisies happen

 

[stlouisguy]

I can open up some programs tomorrow at work that projects out the effect of inflation on money saved into the future if anyone is really interested.

I base my entire business on helping people save and invest for the future, Im not a "latest and greatest" stock guy

Anytime you plan with a client, since no one knows what the future will hold, you must go on assumptions based on history. Works pretty well.

80% of what drives your returns is not individual investments, but diversification into asset classes.

Also dont forget the government. They can change laws that can help or hurt the investor with each administration. I could post pages on that.

Im out of this now unless someone has a question, just pm me.

 

[rutz81]

I started a Roth IRA recently, and they broker claimed similar results, even if the million isnt the same value as it is now, it'll still be a million I'm sure I will be able to use. He also claimed that the 8% was a low estimate. I'll check back with you guys in abuot 45 years... I'll post pics of me rolling in my money:rollface: :lol:

 

[inwall75]

LOL!!!

Of course inflation makes a dollar today worth less than a dollar in the future. Using this as an excuse to not save and invest means you won't have that dollar that is worth less in the future.

Do you plan on having your children support you?

That 1959 to 2006 comparison doesn't make sense to me. I don't need $1.2 million right now to live comfortably because I'm still working.

 

[Lost His Marbles Name]

<a href=showthread.php?s=&postid=8422306#post8422306 target=_blank>Originally posted</a> by Boosted Rxp
did you know that if frogs had wings they wouldnt wear their *** out from hopping too.

Only us electrican's could come up with stuff like this.