Gerstner calculates that Invest America started thirty years ago would give 29-year-olds $250,000 today.
“If we had started this thirty years ago, a 29 year old today would have over $250,000 in their Invest America account.”
Gerstner calculates $5,000 compounded to age 60 yields $1 million in Invest America accounts.
“5,000 compounded by the age of 60, you have a million dollars in your Invest America account.”
Gerstner projects $1,000 initial investment with $750 annual additions grows to $1 million by age 50.
“if you start with a thousand bucks and we get $750 added a year, birthday money, bar mitzvah money, your parents Venmoing in $20 a week, four zero one k matches from your folks' employers, philanthropic contributions to these accounts, You have $14,000 when you're in seventh grade.”