▲ 1380 ▼ Happy Labour Day to people who are not landlords. (lemmy.world) submitted 3 years ago by BonesOfTheMoon@lemmy.world to c/memes@lemmy.ml 412 comments fedilink hide all child comments
[+] SwingingKoala@discuss.tchncs.de -1 points 3 years ago* (last edited 2 years ago) (2 children) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Rodeo@lemmy.ca 1 point 3 years ago* (last edited 3 years ago) (1 child) No, you have 35 years to earn interest, because the first 35 years was spent saving the principal, remember? And remember how I said with interest alone? So no more $500/month contributions either. So with that calculator, $210k at 4% interest for 35 years puts you at $849,611.66 with monthly compounding. So not a million. permalink fedilink source parent hideshow 1 child comment replies: [+] SwingingKoala@discuss.tchncs.de 0 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[–] Rodeo@lemmy.ca 1 point 3 years ago* (last edited 3 years ago) (1 child) No, you have 35 years to earn interest, because the first 35 years was spent saving the principal, remember? And remember how I said with interest alone? So no more $500/month contributions either. So with that calculator, $210k at 4% interest for 35 years puts you at $849,611.66 with monthly compounding. So not a million. permalink fedilink source parent hideshow 1 child comment replies: [+] SwingingKoala@discuss.tchncs.de 0 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[+] SwingingKoala@discuss.tchncs.de 0 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent