Page 89 - Charles Calhoun Book Rich As You Want To Be
P. 89
18% $ 6,213,413 $ 310,671 / year
24% $ 51,912,769 $ 2,595,638 / year
What might happen as wealth compounds over longer time
periods?
If a person invests $4,000 per year and obtains 12% rate
of return:
Time period. Total Value
10 years $77,369
20 years $332,716
30 years $1,175,000
40 years $3,957,000
50 years $13,136,000
60 years $43,433,000
70 years $143,423,000
80 years $473,928,000
Are you kidding?
It is common for people to say, “But you can’t get 12%
return.” Of course, they are wrong. The stock market in total
has averaged about 12% for the last 80 years. You may do
better or worse. Below are the returns of mutual funds my
family owns. I’ll show the ticker symbol, return for year to
date (ytd), and average annual return since the founding of
the fund and the year founded. See the table below. The table
below was created on August 2, 2019 based on figures as of
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