I can’t find a compound interest calculator that works for more than 100 years, and formula is too much trouble at this time of night, but in 100 years, he’d have just over $7.5 million.
When I was a child the rertirement dream made sense even if it wasn’t realistic for a lot of people. If you could save $100,000 over your working lifetime then when you reitred it would be earning, at the going rate of the day of 10% interest, $10,000 per year income to live off of. At that time (1960s) that was good money. Didn’t work out that way.
Yakety Sax 8 months ago
We all should have……………………………………….
GreasyOldTam 8 months ago
I can’t find a compound interest calculator that works for more than 100 years, and formula is too much trouble at this time of night, but in 100 years, he’d have just over $7.5 million.
CO Premium Member 8 months ago
There is just one flaw with the plan, given inflation in 1500 years if the money isn’t worthless, being a billionaire won’t cut it.
snsurone76 8 months ago
With inflation and all, I doubt that will happen, Nerwin—even if you DO live to be 1500.
cracker65 8 months ago
Gonna take longer than that
dbrucepm 8 months ago
banks pay minimum interest on savings and charge maximum interest on loans
jagedlo 8 months ago
That is if he’s disciplined enough to put in a dollar each week…
Zebrastripes 8 months ago
Too little too late☹️
constantine48 8 months ago
It’s easy to save money, if you don’t need to eat or live anywhere.
timinwsac Premium Member 8 months ago
After taxes he’ll be a thousandaire.
daleandkristen 8 months ago
Remember those days well. Good practice. Turned those accounts over to each kid later.
Cminuscomics&stories Premium Member 8 months ago
in 1500 years, a billion will not buy a candy bar. Saving doesn’t cut it. You gotta inherit or steal it.
cuzinron47 8 months ago
You’ve had over 1500 years to do it, it too late now.
christelisbetty 8 months ago
Like there is a bank that will still be around in 1,500 years….or monetary system.
Curiosity Premium Member 8 months ago
When I was a child the rertirement dream made sense even if it wasn’t realistic for a lot of people. If you could save $100,000 over your working lifetime then when you reitred it would be earning, at the going rate of the day of 10% interest, $10,000 per year income to live off of. At that time (1960s) that was good money. Didn’t work out that way.