this post was submitted on 10 Oct 2024
498 points (96.6% liked)

196

16358 readers
2241 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 4 days ago

Laws have changed since 1920, and even with 2008 and 2020 every ten year period will still see 10% growth from a diversified portfolio.
And even if 4.6 million doesn't buy what it did last year you can spend less than that for the compound interest to overtake inflation easily.