Not exact matches
Lamontagne says that if the Minellis can increase the
return on the money in their savings account from 0.75 % to 3 %, then based on a
projected average annual inflation rate of 3 %, the couple can live off their money for decades and still have $ 1 million left at age 90.
As we have seen in previous articles small percent differences in
average annual returns can cause huge differences in investment growth when
projected over long periods.
Although a
projected annual real
return of 3 % is lower than the long - term
average, it is hardly worthy of panic, provided investors can temper their expectations.