Website owner:  James Miller

Effect of saving $10,000 per year for 50 years

   A series of payments of $1.00 a year for 50 years, invested at 
   a rate of return of 6% per annum, accumulates to a sum of 
   $290.33 at the end of the 50 years.  If at the age of 30 one 
   started saving $10,000 per year, investing it at an after-tax 
   return of 6%, it would grow to $2,903,300 by the time he was 80 
   years old. 


   Oct 1992