if i put 1000 dollars a month in roth,mutual fund or bonds for next 20-25 years at 7-8 %,how much will i get?

Answer 1

Just use Excel. Since you add per month, divide the percentage by 12 to get a monthly rate, and use the total number of months in your total period:

=FV(7%/12,240,-1000) = 520,926.66
=FV(7%/12,300,-1000) = 810,071.69
=FV(8%/12,240,-1000) = 589,020.42
=FV(8%/12,300,-1000) = 951,026.39

In order to become a millionaire after 25 years you should either get a rate of 8.31% or contribute an amount per month of 1,052.

But be aware that inflation will take away purchasing power. Over the last 25 years inflation in the US was about 2.8% per years. If we project this to the future, 1 million in 25 years buys about the same as $ 500,000 today.

Answer 2

purchase a great enhance Mutual Fund. $10,000 with a twenty % annual universal fee might equivalent: $7,268.25 there is no Mutual Fund that has an universal annual fee of 20% for a 10 3 hundred and sixty 5 days era. (that must be a fund of shares, controlled via professionals).... so which you getting an universal 20% return may well be extra useful than maximum professionals). shares procuring and promoting at $5 or much less are seen penny shares. maximum penny shares are procuring and promoting at under $5 using fact there's an more desirable danger of them failing (going out of employer) than greater priced shares. A $50 inventory doubling to $one hundred isn't any diverse that a $5 inventory going to $10... the two might have a one hundred% enhance in fee..... different than the $50 inventory/employer is plenty extra probably to be around in 10 or 2 many years statistically. You "believing" the employer will enhance so properly in 10-2 many years sounds great... yet whilst it become that basic.... every person may well be doing it. purchase his father a pair of straightforward books on making an investment so he would not ought to apply strangers to plot his destiny. initiate with: Mutual money For Dummies

Answer 3

Number one...you cannot put $ 12,000. a year in a ROTH
Number two..you cannot predict the exact return in a fund
Number three..bonds..8%? I doubt it.
So I guess you'll have to speculate that a fund is going to make that 8%...which is quite possible...probably even better.
Go to http://finishrich.com
...go to the " latte calculator"...put in some numbers and see what you can end up with....
Then you'll be ready to go to E-trade or Fidelity and open an account..pick a couple of funds...and sit back and wait! Good luck!
P.S. the " calculator" is way down on the bottom section of the page...in the right column. Just went there myself and put in your numbers.....did someone say $593,000 ? 20 years and $970,000..25 years?

Answer 4

Nothing. The US will not exist as it is at that point, so you will have toilet paper to work with. You are better off investing in property. Buy some islands or raw land through some eBay auctions. At least when the great land buy-out happens and the Chinese call their loans to the US, and the Arabs and Russians end up owning most of the US property, you too will have something of value.

Answer 5

Future value is 1 plus interest rate to the power of number of years

1000 x (1.08)^25 = 6,848.475

Answer 6

This is 20 year accruals

7% = 520,926.66
8% = 589,020.42