Inflation

Inflation is a big factor over a long period of time. Even a small level of inflation has the power to make a big difference. For instance, here's what would it would take to buy the same goods and services that $50,000 would purchase today at various rates of inflation over 10, 20, and 30 years:

Future Equivalent of $50,000

Time Period 3% 5%
10 years $67,000 $80,000
20 years $90,000 $132,000
30 years $120,000 $216,000