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MSN Money: Make a million with $225 a month

http://money.msn.com/mutual-fund/make-a-million-with-225-dol...

Consider these three ways to retire with $1 [one] million:

1. Invest $2,700 per year for 60 years, assuming an annual return of 5%.
2. Invest $14,500 per year for 30 years, assuming an annual return of 5%.
3. Invest $44,500 per year for 15 years, assuming an annual return of 5%.

How then can Rayvt's calculations [excerpted from his post] be accurate?

~ Starting 1/1/1965, accumulate until 1/1/2013
~ Initial $10,000 and add $1000/mo
~ S&P final balance: $12,003,000
~ S&P B&H start $5000/mo withdrawal on 1/1/1970 [just five years later] with a starting balance of $12,003,000.
~ Final value 20 years later, 1/1/1990: $95,615,000

Do we even need a spreadsheet to ask, "What's wrong with this picture?"
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