March 18, 2005 $1000 at birth
This is a real quick note. I wanted to present how much a one-time $1000 investment at birth would grow into at the following annual rates. The below grid does not include any taxation. Notice how only a 1 or 2% can make a half million dollar difference at age 70.
As you look at the table below, please refer to this long term chart of the Dow Jones Industrial Average
| Annualized Rate of return | Value at age 70 |
|---|---|
| 5% | $ 30,426 |
| 6% | $ 59,076 |
| 7% | $113,989 |
| 8% | $218,606 |
| 9% | $416,730 |
| 10% | $789,747 |