[kevinstubbs]

Nice, but I would be more interested if they also took inflation into account. How long would it take to reach 1mm _in todays dollars_? 1mm in 45 years could be something like $330,000 in today's dollars (calculated with default values from this calc: https://smartasset.com/investing/inflation-calculator#CbeXqX...). I'm not following financial markets at all, but I noticed the other day that this year the US had maybe the highest inflation rate since around 1990?

[GlennS]

The simplest way to do that is to input an inflation adjusted rate of return.

So, if your expected rate of return is 7%, and your expected inflation rate is 2%, then input 5% and you will get an inflation-adjusted version.

[bruce511]

What I've found interesting this year is the response of the "average" US person to inflation - by which I mean somewhere between panic and grave concern.

Whereas where I live inflation has been in the 3-6% band, give or take a bit, my whole life. At the moment it's near the top of that band. And to be clear people here have complained about it my whole life too.

But inflation has 2 interesting attributes. It devalues savings (so instead encourages either plain spending or asset-other-than-cash accumulation, and it also devalues loans.

In other words it intrinsically encourages things like home-buying, (mortgages can be used here as savings accounts as a store for savings, thus saving interest and offering effective rates same as your mortgage).

Hyperinflation is bad, but we're not talking about that.

And if you are on a fixed value pension then sure, it's getting smaller. (hint: avoid fixed value pensions, that always ends up being worse than you think.)

In short inflation is not good or bad, it's just a part of life that offers a bunch of upside for those that keep their eyes open.

[MuffinFlavored]

> So, if your expected rate of return is 7%

I believe it is typically closer to +10% and then -3% inflation leaves you with 7%: https://en.wikipedia.org/wiki/S%26P_500#Returns_by_year