2 ms·
> You obviously plan to live a long time. Per [1] if you're paying $10000 in tax/yr, being able to invest the same money would take 41 years at 5% interest (lo
by avar 4y ago
> You obviously plan to live a long time.
Per [1] if you're paying $10000 in tax/yr, being able to invest the same money would take 41 years at 5% interest (long term S&P 500 has been just shy of 10%) to reach $1m, 29 years with 8% interest (compounded annually).
1. https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator https://www.investor.gov/financial-tools-calculators/calcula...