True, but after a few calculations, with a 3% interest account, you'd only have $1.6 mill after 33 years the $2500 way.stinkychops said:Although, it does depend wether you are depositing the $2,500. While you won't be able to get it into a 5% interest account, I haven't got my graphics calculator with me so I can't finish this sentence.Maze1125 said:$2500 every month won't reach $1,000,000 for 33 years, by which time the $1,000,000 option would have gained, with a 5% interest per year account (quite easy to get if you're depositing $1,000,000), $4,003,188.54 worth of interest.
Edit: To put it more simply, the interest you'd gain from $1,000,000 would be greater than $2,500 a month.
But the simple fact is that $1,000,000 must be better than $2,500 a month, as the interest after one year of $1,000,000 at 5% is $50,000, and $2,500 a month is only $30,000 a year.