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by BraveNewCurency 2923 days ago
> Definitely doesn't feel like my wealth is growing in index funds fast enough to retire within this life time.

Ha ha, I feel the same. But don't discount the fact that small percentage returns are actually exponential growth. (For example, 2% returns actually doubles your money every 10 years.) Just because it 'feels' like your investments are stalled doesn't mean that they are.

1 comments

> 2% returns actually doubles your money every 10 years

I wish! More like 35 years.

7% returns will double initial investment every 10 years.

That said tho if you invest even $200 a month from the age of 20 till retirement you will have more than 1M by retirement with a decent index fund.
That said, one million dollars ain't what it used to be after 45 years...
Index funds tend to scale rather well with inflation tho.
7.2%