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submitted 10 months ago by BonesOfTheMoon@lemmy.world to c/memes@lemmy.ml
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[-] Rodeo@lemmy.ca 1 points 10 months ago* (last edited 10 months ago)

No, you have 35 years to earn interest, because the first 35 years was spent saving the principal, remember? And remember how I said with interest alone? So no more $500/month contributions either.

So with that calculator, $210k at 4% interest for 35 years puts you at $849,611.66 with monthly compounding.

So not a million.

this post was submitted on 04 Sep 2023
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