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<blockquote data-quote="satellitedriver" data-source="post: 226096" data-attributes="member: 1664"><p>The long term average on the S&P (20 years) is about 11% per annum. Some years 4%, some years 20%. </p><p>401k money is for long term investing not short term gains.</p><p>$20.00 a week at an average annual return of 11% in 20 years would equal $75,000.</p><p>So, the actual money you put in would be $21,000. The gain from compounding interest would be $54,000.</p><p>Do it for 30 years and you would have $243,000.00.</p><p>A quarter of a million dollars ain't bad, when it only costs you $20.00 a week.</p><p>PAX</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 226096, member: 1664"] The long term average on the S&P (20 years) is about 11% per annum. Some years 4%, some years 20%. 401k money is for long term investing not short term gains. $20.00 a week at an average annual return of 11% in 20 years would equal $75,000. So, the actual money you put in would be $21,000. The gain from compounding interest would be $54,000. Do it for 30 years and you would have $243,000.00. A quarter of a million dollars ain't bad, when it only costs you $20.00 a week. PAX [/QUOTE]
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