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comment by b_b
b_b  ·  1866 days ago  ·  link  ·    ·  parent  ·  post: Don’t Be So Sure the Economy Will Return to Normal

WTF? By my calculation, John will have about $350,000, depending on the compounding formula. Unless they're making that $100 contribution inflation adjusted or something. Or he's starting with $30,000 in his pocket.

rinx  ·  1866 days ago  ·  link  ·  

Yep! Inflation adjusted. However $100 a month for your entire retirement is pretty small. Here's another look with a little more put into investing:


And again, this is doing it all yourself, in a Roth, no company match. Gets a lot easier if your company helps.

b_b  ·  1866 days ago  ·  link  ·  

That makes a lot more sense. $100 real dollars per year. I agree that's way too little to be something to rely on, but it's a good start if it's all you can afford at the time.