Chicago526
<font color=red>Any dream will do...<br><font colo
- Joined
- May 6, 2003
I was playing around with a retirement calculator that tells you how much you need to save to be a millionaire by the time your retire (for me it's age 58 if I continue to save what I'm saving and average an 8% return). Anyway, it also tells you what one million dollars will be worth the year you hit the $1 million mark. Assuming 3% anual inflation, in 28 years my $1 million will only be worth $441,965 in today's dollars!!!
So if I really want to have what $1 million can buy today, I'll have have over $2 million at retirement!
So if I really want to have what $1 million can buy today, I'll have have over $2 million at retirement!