Wednesday, August 29, 2007

First $1 Million is Toughest

Interesting charts from here.


To go from $0 to $1 million:

Monthly
Contribution

8% Return

9% Return

10% Return

11% Return

$100

52.9 years

48.3 years

44.5 years

41.4 years

$250

41.6

38.3

35.5

33.1

$500

33.4

30.9

28.8

27.0

$1,000

25.5

23.9

22.4

21.2

$1,291.66

22.8

21.4

20.2

19.1

To go from $1 million to $2 million:

Monthly
Contribution

8% Return

9% Return

10% Return

11% Return

$100

8.6 years

7.7 years

6.9 years

6.3 years

$250

8.5

7.5

6.8

6.2

$500

8.2

7.4

6.7

6.1

$1,000

7.8

7.1

6.4

5.9

$1,291.66

7.6

6.9

6.3

5.7

To go from $2 million to $3 million:

Monthly
Contribution

8% Return

9% Return

10% Return

11% Return

$100

5.1 years

4.5 years

4.1 years

3.7 years

$250

5.0

4.5

4.0

3.7

$500

4.9

4.4

4.0

3.6

$1,000

4.8

4.3

3.9

3.5

$1,291.66

4.7

4.2

3.8

3.5

0 comments: