You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month

by
Sharing is Caring!

by TonyLiberty

You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month.

See also  Bloomberg/Japan’s Companies Sour on China After Years of Brushing Off Risk

The total principal invested would only be $190,000 but $1,710,000 would be from the magic of compound interest over 30 years.

See also  U.S. Dollar Index $DXY on track for lowest close since July 2023. People think they’re getting richer as the market goes up but in real terms not really.

+11.51% is the Average Annual Return of the S&P 500 since its creation in 1928 with dividends reinvested.

You don’t need to complicate long-term investing.

Views: 32

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.