r/wallstreetbets • u/startedstonks04-2020 • Feb 01 '25

Gain 12k -> 115k @ 22 yr old

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Friend told me this is post worthy, anyways I’m blessed. I withdrew everything and put it all into VOO. Hoping I’ll be ahead of my age group for future retirement. God bless America.

5.5k Upvotes

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7

u/rcbjfdhjjhfd Feb 01 '25

Put it in sp500 etf and it will double every ~7 years.

  • 22 $100,000
  • 29 $200,000
  • 36 $400,000
  • 42 $800,000
  • 49 $1,600,000
  • 56 $3,200,000
  • 65 $6,400,000

5

u/startedstonks04-2020 Feb 01 '25

what is this math LMAO, WSB moment.

7

u/rcbjfdhjjhfd Feb 01 '25

rule of 72

4

u/startedstonks04-2020 Feb 01 '25

10% annual interest rate is not realistic brother

2

u/SandwichDelicious Feb 01 '25

Forgot the dividends reinvested brah