As an EXAMPLE for Calculator I
YEARS = 37
Say you work from age 18 until 55
(I will retire at age 55, because I knew Social Security is a SCAM!!)
PERCENT YIELD = 9
ROLLING THE DIVIDENDS BACK INTO YOUR ACCOUNT, the UPWARD STOCK PRICE, and YOUR
CONTRIBUTIONS WILL EASILY GET YOU A 9% RETURN.
INITIAL BALANCE = $0.00
I didn't get any cash from my parents when I started out...maybe you didn't either...
MONTHLY CONTRIBUTION = $333.00 (Do not use the dollar sign ($) in the calculator)
Say you AVERAGE $40,000 per year; INVEST 10% of that = $4,000 per month ;
divide that by 12 months = $333 per month
Hit the "calculate now!" button...
You should have an amount of $1,180,744.47. That's CORRECT. Over a MILLION DOLLARS.
If your EMPLOYER'S "MATCH" was also INVESTED, you could DOUBLE that amount and
retire with $2,361,488.94.
If this was the way Social Security and Medicare were ACTUALLY INVESTED, you would NOT need that
ROTH IRA, 401k, or any other investments you currently have in order to make up for the scam of Social
Security. You could use THAT money in order to buy a better car, a bigger house, afford another child, etc...
Then, every year that you are retired, you could withdraw 10% of that ($236,148.89) and if you STILL
earn 9% on your investment, you barely touch your principle...
$236,148.89 divided by 12 months = $19,679.07 PER MONTH
All of you who CHOOSE to RELY on Social Security will have the "security" of trying to live on
$1,000 PER MONTH....
Try it, you'll like it...(the CALCULATOR, not Social Security...)
Compound Interest Calculator
Return to the LINKS page