• UnpopularCrow@lemmy.world
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    9 hours ago

    Assuming you begin investing at the age of 20 and invest $554 per month for 45 years at a 6% growth rate, you would yield 1.4 million. Definitely not MILLIONS.

    • Stiffneckedppl@lemmy.world
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      5 hours ago

      6% is very conservative though. Even at 7%, which is a widely accepted inflation adjusted number, it’s over 2 mil.

    • Thorry84@feddit.nl
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      8 hours ago

      And then you add the inflation and you actually just owe money. Got to get that third job at 65