I am 24 with 70k in the stock market how much will I have at 55?

To estimate how much you'll have in the stock market at age 55, we'll need to consider several factors, including your current investment amount, the average annual return on investments, and the number of years until you reach age 55. 1. **Current Investment**: $70,000 2. **Years until 55**: 55 - 24 = 31 years 3. **Average Annual Return**: Historically, the stock market has returned about 7% to 10% annually after adjusting for inflation. For this calculation, let's use a conservative return of 7%. We can use the future value formula for compound interest: \[ FV = PV \times (1 + r)^n \] Where: - \(FV\) = future value - \(PV\) = present value ($70,000) - \(r\) = annual interest rate (0.07 for 7%) - \(n\) = number of years (31) Plugging the numbers in: \[ FV = 70,000 \times (1 + 0.07)^{31} \] \[ FV = 70,000 \times (1.07)^{31} \] Calculating \( (1.07)^{31} \): \[ (1.07)^{31} \approx 7.612 \] So now calculate: \[ FV = 70,000 \times 7.612 \approx 532,840 \] At a 7% annual return, you would have approximately **$532,840** by age 55. If you choose to use a higher average annual return, say 10%, you can similarly calculate: \[ FV = 70,000 \times (1 + 0.10)^{31} \] Using \(10%\): \[ (1.10)^{31} \approx 17.449 \] \[ FV = 70,000 \times 17.449 \approx 1,221,430 \] So at a 10% annual return, you would have approximately **$1,221,430** by age 55. Typically, it’s prudent to factor in a range of possibilities when planning for long-term investments, so you might end up with something between those two estimates, depending on market performance and your investment strategy.