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He worked backward to see what X would need to be for X to grow to 8200k in 70 years and got 72k. Under an assumption of 7% returns per year on average, which i
by savanaly 8y ago
He worked backward to see what X would need to be for X to grow to 8200k in 70 years and got 72k. Under an assumption of 7% returns per year on average, which is a fair number to use for the stock market over a long period of time (over a short period of time it's usually a lot lower or a lot higher than that).