What's the Nest Egg by then? Thanks for figuring it out!!
2007-03-14 05:12:53 · 3 answers · asked by hamster 2 in Business & Finance ➔ Investing
I am asking saving 150 a month for 40 years. Invested in stocks!
2007-03-14 06:23:13 · update #1
The long term historical average of market returns has been around 8%. If you're comfortable projecting that into the future, which is a pretty big leap of faith, what you come up with is $3,260 in 40 years.
If you think the market might average 10%, then you get $6,780.
If you think 6% is a better number then you get 1,542.
So that gives you a range of reasonable possibilities.
2007-03-14 05:38:28 · answer #1 · answered by BosCFA 5 · 0⤊ 0⤋
Depends on what stock you buy and how that particular stock does.
No one can predict that since no one knows what any individual stock will be trading at 40 years from now.
2007-03-14 12:18:55 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
$15,000,000.00 USD.
NOTE: I asume you invested all your money in a Mutual Fund returning 20% annually.
2007-03-14 13:55:07 · answer #3 · answered by Anonymous · 0⤊ 1⤋