What Stpid Thing Have You Done Today?

[DreadPirateRoberts]

Originally Posted by Moonliner

If you put $2,000 in an IRA plan now by the time Theo retires it will hold about $500,000.

I want to know where you are going to get an 8.5% return for every year until he retires.

[Alex]

Originally Posted by DreadPirateRoberts

I want to know where you are going to get an 8.5% return for every year until he retires.

8.5 is kind of high. Average DJIA return over the last 65 years is 6.52%. Doesn't seem that far different but $2000 invested on January 1, 1945 would have only returned $137,000 on January 1, 2010.

Still, put away $2000/month for retirement from birth and get 6.52% back and Theo'll have a nice $56 million nest egg. I'm guessing that even in 2075 that will be decent living.

[Ghoulish Delight]

Originally Posted by Alex

Still, put away $2000/month for retirement from birth and get 6.52% back and Theo'll have a nice $56 million nest egg. I'm guessing that even in 2075 that will be decent living.

All Theo has to do is buy out our mortgage company and that $2K/month (and then some) is all his!