Skip to main content
No. of Recommendations: 1
I want to take my investment of 300k to 10million in 10 to 15 year horizon.

If you figure out how to do that via investing, please let me know. Turning $300,000 into $10,000,000 in 15 years requires an annualized rate of return of around 26.34%. Doing it in 10 years requires an annualized rate of return of around 42.00%. I wouldn't put it completely outside of the realm of possible, but I certainly wouldn't count on it happening.

You'd need to get exceptionally lucky or do something like identify the next world-changing, large moat investment before the rest of the market did. Alternatively, you could start your own company with that cash and work to make it an attractive buyout candidate...

Here's the good news, though -- At a 10% annualized rate of return, $300,000 turns into $10,000,000 after just short of 37 years. If you add $25,500 per year -- maxing out a 401(k) and IRA for someone below age 50 -- then at 10% per year, your nest egg can turn into $10,000,000 after just short of 31 years. As a 46 year old, that gives you a path to $10,000,000 by somewhere between ages 77 and 83. Even that 10% rate of return isn't guaranteed, but it does mean that $10,000,000 net worth can potentially be achieved in your lifetime.

Discovery/HR Home Fool
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.