Gerstner calculates 30-year-old would have over $250,000 if Invest America had started thirty years ago.
“If we had started this thirty years ago, a 29 year old today would have over $250,000 in their 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.”
Gerstner projects $1,000 plus $750 yearly grows to million dollars by age 50-55 using S&P returns.
“That's a $150,000 at age 30, and it's a million dollars at age 50 or 55 using the 75 track record of the S and P 500.”
Gerstner projects $1,000 with $750 annual additions grows to $50,000 at 18 and $1 million by age 55.
“if they start with $1,000, and an employer or mom and dad or a philanthropist adds just $750 a year, that's $50,000 at the age of 18.”
Gerstner projects that adding $750 yearly to the initial $1,000 grows to $1 million by age 55.
“If you start with a thousand bucks and add just $750 a year, it's 50,000 at 18, it's 200,000 at age 30, and it's a million dollars at age 55.”