Yes it could… if you are serious about building real wealth and have the discipline to take a long term approach to your wealth creation you could be surprised at what you can achieve with a simple, consistent strategy.
Use the calculator below to estimate your potential future wealth. Now you'll really start to see the magic of compounding in action for you!
Important information
The calculator is intended to illustrate the impact of compounding and is not a prediction of your final investment balance. The calculator is not intended to be relied on for the purpose of making a decision in relation to any particular financial product. You should obtain advice from a Freedom Factory representative before making any investment decisions.
Learn more about the assumptions and limitations used in performing this calculation...
The Australian All Ordinaries Share Index has returned an average of 13%pa over the last 20 years. The calculator uses 12%pa to illustrate the possibilities in line with longer term average equity markets. The 6%pa rate of return is intended to mirror current cash deposit rates.
A limitation of these assumptions is that it assumes consistent performance over an extended period of time. Investors in equity markets should be aware that performance is never even and with fluctuations in returns common, particularly in the short term. No fees and no taxation considerations have been taken into consideration, such as personal income tax rates, franking credits or capital gains tax.
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