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I've read the book and get your general point. However, having a hard time believing your math. Are you assuming 8% compounded annually? I have no idea how to d
by bozo1979 11y ago
I've read the book and get your general point. However, having a hard time believing your math. Are you assuming 8% compounded annually? I have no idea how to do that.
- superuser2 11y agoBankrate [0] defaults to 7%, but yes, basically. Compound interest is magical. Vanguard's Total Stock Market index fund [1] has seen an average annual return of 8.87% since inception in 1992. [0] http://www.bankrate.com/calculators/retirement/retirement-plan-calculator.aspx http://www.bankrate.com/calculators/retirement/retirement-pl... [1] https://personal.vanguard.com/us/funds/snapshot?FundId=0085&FundIntExt=INT#tab=1 https://personal.vanguard.com/us/funds/snapshot?FundId=0085&...