Re:The High Cost of Expensive Housing (and How Auckland Fixe...
by avar on Monday January 30, 2023 @04:19AM
(#34577539)
> You obviously plan to live a long time.
Per [1] if you're paying $10000 in tax/yr, being able to invest the same money would take 41 years at 5% interest (long term S&P 500 has been just shy of 10%) to reach $1m, 29 years with 8% interest (compounded annually).
Per [1] if you're paying $10000 in tax/yr, being able to invest the same money would take 41 years at 5% interest (long term S&P 500 has been just shy of 10%) to reach $1m, 29 years with 8% interest (compounded annually).
1. https://www.investor.gov/financial-tools-calculators/calcula...