Quote:
Originally Posted by Pballer
In 43 years, a million dollars is not going to be worth much.
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I agree. But I don’t think the numbers were adjusted for inflation. I think salaries will be higher 10, 20, 30, and 40 years from now so the 15% yearly contribution will continue to grow over the 40 years.
If he just gets a 3% raise every year (inflation is usually 3-4 % a year) he will be making $212,000 in 40 years. If he gets a raise above inflation, he would be making more.
This is based on past performance. If our $36 trillion debt crashes the market by 90% and we have hyperinflation, we are all in trouble.