[garmaine]

Who said anything about $70k?

[Mtinie]

Andre_Wanglin alluded to it, though $70k was a slight overstatement.

With the effective inflation rate, $5,000 in 1947 was equivalent to $58,035 in 2018.

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5000&year1=194...

[Retric]

He was using 5k inflation adjusted dollars so starting with ~350 actual $/ year in 1947.

Really, just do the calculation.

[newnewpdro]

Parent is stating $5k in 1943 dollars is $70k in 2018 dollars (a claim I did not verify).

[garmaine]

6.2% would be inflation adjusted returns. Actual inflation adjusted returns were 7.4%. So investing the equivalent of $5k each year from then until now (so starting at $350 or whatever) would yield >$8.2M.