Comments on: The Million Dollar Age Grid https://fourpillarfreedom.com/the-million-dollar-age-grid/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 20:56:07 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-12746 Wed, 23 May 2018 19:51:42 +0000 https://fourpillarfreedom.com/?p=18037#comment-12746 In reply to Kenneth LaVoie.

Hey Kenneth, you may want to check out this F.I. calculator I built that lets you adjust starting amount, rate of return, and withdrawal rate: https://fourpillarfreedom.com/four-visuals-volume-1-financial-independence-calculator/

]]> By: Kenneth LaVoie https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-11698 Sun, 20 May 2018 11:58:01 +0000 https://fourpillarfreedom.com/?p=18037#comment-11698 I’d love to see a grid where you can add
1. Current investments. (this chart assumes starting at 0)
2. See what that million will give you with a SWR of 4% adusted for inflation

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1885 Sun, 24 Dec 2017 18:47:20 +0000 https://fourpillarfreedom.com/?p=18037#comment-1885 In reply to Edward.

A diversified portfolio of stocks has had historical returns of roughly 7% per year. In this grid, I assume that your savings are invested in equities, not just sitting in a savings account earning 1% or less in interest annually. Thanks for the question! 🙂

]]> By: Edward https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1878 Sun, 24 Dec 2017 13:34:54 +0000 https://fourpillarfreedom.com/?p=18037#comment-1878 Where are you getting a 7% interest rate? If that were available, we’d all be saving.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1157 Sun, 27 Aug 2017 23:19:11 +0000 https://fourpillarfreedom.com/?p=18037#comment-1157 In reply to AHAN.

AHAN, that’s a great point. Now that I’m running the numbers again in Excel I see that you’re correct. I’m not sure why the interest from the prior year was being subtracted. Fortunately the numbers for the interest are small enough that the grid essentially has all the correct numbers in it still. Thanks for pointing that out!

]]> By: AHAN https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1155 Sun, 27 Aug 2017 04:56:49 +0000 https://fourpillarfreedom.com/?p=18037#comment-1155 Hi interesting chart you got here, i am trying to work out a similar chart where i can tweak the annual rate of return.
Understand your chart were calculated based on compounding effect, but any reason you are deducting the interest earned in the previous year in the total $ column?
i.e. as at the end of 2 years , i would have (25680+24000)*1.07=$53158, but yours calculated were $51478 (deducting the interest earned in previous year). Is there any particular reason?

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1068 Sun, 13 Aug 2017 11:18:09 +0000 https://fourpillarfreedom.com/?p=18037#comment-1068 In reply to Steveark.

That’s awesome to hear you can confirm the numbers for the chart through your own experience! And I agree with you – discipline is the one trait that can allow anyone to become a millionaire given enough time.

]]> By: Steveark https://fourpillarfreedom.com/the-million-dollar-age-grid/#comment-1066 Sat, 12 Aug 2017 03:07:17 +0000 https://fourpillarfreedom.com/?p=18037#comment-1066 That’s very interesting, and
my experience bears it out. Saving what I did the chart hits almost to the year my first million in investments. It shows that normal people with a little abnormal discipline can’t avoid becoming millionaires.

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