3 ms·
This math is grossly oversimplified...you're assuming zero interest. I'm on a train and can't do the math right now, but compounding interest + other variables
by thomaspaine 16y ago
This math is grossly oversimplified...you're assuming zero interest. I'm on a train and can't do the math right now, but compounding interest + other variables like employer 401k contributions, tax shelters, etc make a huge difference when doing this calculation.