I can save 200 bucks every month. How long will it take me to

Rule of thumbs is that you can withdraw 4% a year from an investment amount and you're 90% likely to be able to do so forever.

$500 a month is $6,000 a year. $6,000 is 4% of $150,000.

Assuming you are able to invest $200 a month, and assuming a 6% return, you'll need to save for 27 years.

>>2775268
wtf 6% return where?

>>2775268
oh, well.
nobody told me getting rich would be easy.

thanks.

sounds better than my shitty goverment pensium.

>>2775290
legally regulated institutions can give between 6 and 9% annual return rate.

>>2775290
Year to date (only 7 months), S&P is up 9.35%

S&p averages 8.24% over past 15 years. Subtract average inflation, and you get 6%.

>>2775304
why am I playing with shitcoins then

>>2775318
Probably because it feels more exciting, or maybe you have a higher risk threshold.

I certainly wouldn't be investing in anything without a firm understanding of the fundamentals, and what other options exist.

>>2775318
shitcoins are a retard scam not diferent from gambling.

>>2775300
To get there in 10 years, you'll need to save 900 per month.

>>2775318
It's 6% in an entire year, not going to really matter until you have a decent amount of money unless you're okay saving until retirement (then get a roth IRA)

>>2775355
I think I can make 900 per month, if I'm lucky and everything goes fine for me.