What would $1,000 deposited 50 years ago be worth now?

Doug

Doug

2
I am talking just an ordinary savings bank account.hard to figure since rates change a lot
 
trytrytry

trytrytry

All I do is trytrytry
i dont have a true number but compounding $1000 with an average rate each year of 2.2% is $3000 after 50 years.

compounded daily or monthly about the same.
 
C

ComptrBob

EOG Master
Much closer is to just assume the investment increased with the rate of inflation (say the CPI). $1000 in 1968 would be worth $7267.
 
C

ComptrBob

EOG Master
Well first its pretty stupid to compare the ROI for any investment to a ordinary savings account which underperforms almost every other investment strategy except converting a commodity to greenbacks and stuffing them under your mattress. In the late 70's and early 80's you could get CDs at a 10% return or more. These rates mirrored the rise of CPI so using it gives a ballpark estimate (before taxes of course).
 
A

andyfezzik

EOG Addicted
It would be considerably worse than inflation since deposit accounts, see 2010-2017, often pay well under inflation and sometimes pay almost nothing. $3k-$4k range is probably accurate. In an S&P 500 index fund, it would have grown to about $120k. In Bitcoin, assuming you had waited until 2009 to invest it, a million or more.
 
M

MrTop

EOG Master
CD's when ComputerBob said were the glory days with 10% . End game they will tax the deposit money if nobody spends. They will say in the beginning it is only for a short while.
 
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