Talk of The Villages Florida - View Single Post - Social Security Retirees Could Face $18,000 Cut
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Old 08-01-2025, 02:38 PM
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Quote:
Originally Posted by Rainger99 View Post
I asked AI to use the average income (about $66,000) and to invest it for 43 years (age 22 to 65) at various rates of return.

According to AI, investing 15% of the average income annually at a 7% return for 43 years could grow to approximately $2.81 million.

A more conservative return (e.g., 6%) would yield around $2.2 million, while a higher return (e.g., 10%) could push it toward $4.5 million.

If the worker made $33,000 a year, a 7% return for 43 years could grow to approximately $1.39 million.

A more conservative return (e.g., 6%) would yield around $1.09 million, while a higher return (e.g., 10%) could reach about $2.23 million.
In 43 years, a million dollars is not going to be worth much.