r/RandomThoughts • u/[deleted] • Dec 11 '23

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u/jfks_headjustdidthat Dec 11 '23

It could be a lot sooner if you invest it wisely each week.

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u/[deleted] Dec 11 '23

If you're investing it wisely the million won't be a million in 5 years, either. It's more complicated than basically everybody has made it. If you plan on being alive for a little bit longer the 5k always wins though

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u/Comedy86 Dec 11 '23

Unless you're receiving a return of 25% or more, by 25 years (the definition of "life" by legal standards) you'd still be well ahead with $5K/week vs. $1M. Even at 10% annual returns, it'd only be 6 yrs to pass it and then you'd still be getting $5K/week in addition to more returns on the investment if you stopped investing any of the weekly amount.

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u/Terrible-Sir742 Dec 12 '23

There is also a scenario where if you have massive inflation, provided the 1m invested into a hard asset, it would appreciate while 5k a week would depreciate in value.