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Retirement Discussions / FIRE Wannabees
|Subject: Calculating potential account growth & inflation||Date: 9/19/2007 1:24 AM|
|Author: AliFool||Number: 4398 of 5138|
I look forward to FI *and* RE, and try to do what I can to get us there. I've been running some retirement account numbers but am not entirely certain I'm going about this the right way.
Say we've got 30 years to go. Let's use some round numbers, and assume (for the purposes of this exercise) that we won't add another penny.
$100K @ 8% for 30 years would give us 1,006,265 if my calculations are correct.
$200K @ 8% for 30 years = 2,012,531
$300K @ 8% for 30 years = 3,018,797
$400K @ 8% for 30 years = 4,025,062
$500K @ 8% for 30 years = 5,031,328
$100K @ 10% for 30 years would give us 1,744,940 if my calculations are correct.
$200K @ 10% for 30 years = 3,489,880
$300K @ 10% for 30 years = 5,234,820
$400K @ 10% for 30 years = 6,979,760
$500K @ 10% for 30 years = 8,724,701
Of course, now I've got to see what kind of a bite inflation will take out of this. How would I go about running that calculation?
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