When You Will Be A Millionaire

April 4th, 2007 Posted in Personal Finance and Investing

If you start with = $1000 and

Make monthly deposits of = $100

With an interest rate of = 10%

It will take you = 44 years to be a millionaire.

But if you consider 3% inflation, your 1 million will be worth = $273,000 in today’s dollars. 

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