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But we saved everything 🙂.
Jon Erlichman, anchor / financial journalist at Bloomberg TV, shares how $10,000 invested at different ages could grow by age 65 based on historic average S&P returns.
According to Erlichman, investing $10,000 at age 20 could result in approximately $729,000 at age 65, while waiting until age 25 would lead to $453,000. The value drops to $281,000 if invested at age 30, and continues to decrease for later starting ages: $174,000 at 35, $108,000 at 40, $67,000 at 45, $42,000 at 50, $26,000 at 55, and $16,000 at 60.
Erlichman has previously tracked business growth across industries. He recounted how Walmart generated $975,000 in revenue in 1962, a sum the retailer now earns in under a minute. He also highlighted SpaceX’s rapid expansion, with its valuation climbing from $1 billion to $1.77 trillion in 16 years.