So you want to know how much a $1 will be 20 years from now or 30 years from now if you invested it. Well, below you’ll find a neat calculator that will help you do just that. Let’s say you save and invest $10,000 in a low-cost S&P 500 Index fund like Vanguard’s VFINX or Schwab’s SWPPX and never touch it for 30 years, that’s $165,222! With averages of 9.8% over the last 90 years, low-cost S&P Index funds have always been great investments to have in your portfolio. Remember investing in the stock market is for the long haul of 10, 20, 30+ years. Ride the ups and downs and soon enough you’ll be financially independent!
“The only people who get hurt on a roller coaster are the ones who jump off.” – Dave Ramsey