Chris Turner, 2012

Nominal Savings Over 45 Year Career

Mattress

All Stocks

Stocks + Bonds

500,000

450,000

400,000

350,000

Chart shows nominal final retirement savings with 10% invested per month,
using median US income 1913 to present. Assumes a 20 year old begins
investing 10% per month and retires at 65. Chart begins with a person that
started work in 1913 and retired in 1958 (45 years) .
The line on top shows which method produced the best return.
- The Mattress line simply shows saving 10% per month and doing nothing.
- All stocks line shows retirement based on performance of S&P 500.
- All bonds line shows retirement based on performance of 10 year bond.

300,000

Bonds outperformed stocks 37 times to 18 .

250,000

200,000

150,000

100,000

50,000

All Bonds

Chris Turner, 2012

Nominal Performance
1913-1958
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1914-1959
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks + Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1915-1960
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks + Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1916-1961
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1917-1962
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1918-1963
Mattress

25,000

22,500

20,000

17,500

15,000

12,500

10,000

7,500

5,000

2,500

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1919-1964
Mattress

27,500
25,000
22,500
20,000
17,500
15,000
12,500

10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1920-1965
Mattress

30,000
27,500
25,000
22,500

20,000
17,500
15,000
12,500
10,000

7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1921-1966
Mattress

35,000
32,500
30,000
27,500
25,000
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1922-1967
Mattress

32,500
30,000
27,500
25,000
22,500
20,000
17,500

15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1923-1968
Mattress

35,000
32,500
30,000
27,500
25,000
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1924-1969
Mattress

37,500
35,000
32,500
30,000
27,500

25,000
22,500

20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1925-1970
Mattress

37,500
35,000
32,500
30,000
27,500

25,000
22,500

20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1926-1971
Mattress

37,500
35,000
32,500
30,000
27,500

25,000
22,500

20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1927-1972
Mattress

37,500
35,000
32,500
30,000
27,500

25,000
22,500

20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1928-1973
Mattress

42,500
40,000
37,500
35,000

32,500
30,000
27,500
25,000
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1929-1974
Mattress

40,000
37,500
35,000

32,500
30,000
27,500
25,000
22,500
20,000
17,500
15,000
12,500

10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1930-1975
Mattress

42,500
40,000
37,500
35,000

32,500
30,000
27,500
25,000
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1931-1976
Mattress

45,000
42,500
40,000
37,500
35,000
32,500

30,000
27,500
25,000
22,500
20,000

17,500
15,000
12,500
10,000
7,500

5,000
2,500
0

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1932-1977
Mattress

50,000

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1933-1978
Mattress

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1934-1979
Mattress

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1935-1980
Mattress

70,000

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1936-1981
Mattress

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1937-1982
Mattress

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1938-1983
Mattress

100,000

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1939-1984
Mattress

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1940-1985
Mattress

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1941-1986
Mattress

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1942-1987
Mattress

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1943-1988
Mattress

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1944-1989
Mattress

200,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1945-1990
Mattress

200,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1946-1991
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1947-1992
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1948-1993
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1949-1994
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1950-1995
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1951-1996
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1952-1997
Mattress

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1953-1998
Mattress

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1954-1999
Mattress

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1955-2000
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1956-2001
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1957-2002
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1958-2003
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1959-2004
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1960-2005
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1961-2006
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1962-2007
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1963-2008
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1964-2009
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1965-2010
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1966-2011
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1967-2012
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1968-2012
Mattress

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1969-2012
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1970-2012
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1971-2012
Mattress

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1972-2012
Mattress

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1973-2012
Mattress

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1974-2012
Mattress

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1975-2012
Mattress

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1976-2012
Mattress

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1977-2012
Mattress

350,000

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1978-2012
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1979-2012
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1980-2012
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1981-2012
Mattress

300,000

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1982-2012
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1983-2012
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1984-2012
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1985-2012
Mattress

250,000

200,000

150,000

100,000

50,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1986-2012
Mattress

200,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1987-2012
Mattress

200,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1988-2012
Mattress

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1989-2012
Mattress

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds

Chris Turner, 2012

Nominal Performance
1990-2012
Mattress

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

All Stocks

Stocks and Bonds

All Bonds