Increase from Selling Condo

Invested salary per month 4500
return percentage 0.07
Month Number Beginning Total Monthly Investment Earnings Ending Total
1 480000 2800 482800
2 487300 2842.583333 490142.5833
3 494642.5833 2885.415069 497527.9984
4 502027.9984 2928.496657 504956.4951
5 509456.4951 2971.829555 512428.3246
6 516928.3246 3015.415227 519943.7398
7 524443.7398 3059.255149 527502.995
8 532002.995 3103.350804 535106.3458
9 539606.3458 3147.703684 542754.0495
10 547254.0495 3192.315289 550446.3648
11 554946.3648 3237.187128 558183.5519
12 562683.5519 3282.320719 565965.8726
13 570465.8726 3327.71759 573793.5902
14 578293.5902 3373.379276 581666.9695
15 586166.9695 3419.307322 589586.2768
16 594086.2768 3465.503281 597551.7801
17 602051.7801 3511.968717 605563.7488
18 610063.7488 3558.705201 613622.454
19 618122.454 3605.714315 621728.1683
20 626228.1683 3652.997649 629881.166
21 634381.166 3700.556801 638081.7228
22 642581.7228 3748.393383 646330.1162
23 650830.1162 3796.509011 654626.6252
24 659126.6252 3844.905313 662971.5305
25 667471.5305 3893.583928 671365.1144
26 675865.1144 3942.546501 679807.6609
27 684307.6609 3991.794689 688299.4556
28 692799.4556 4041.330158 696840.7857
29 701340.7857 4091.154584 705431.9403
30 709931.9403 4141.269652 714073.21
31 718573.21 4191.677058 722764.887
32 727264.887 4242.378508 731507.2656
33 736007.2656 4293.375716 740300.6413
34 744800.6413 4344.670407 749145.3117
35 753645.3117 4396.264318 758041.576
36 762541.576 4448.159193 766989.7352
37 771489.7352 4500.356789 775990.092
38 780490.092 4552.85887 785042.9508
39 789542.9508 4605.667213 794148.6181
40 798648.6181 4658.783605 803307.4017
41 807807.4017 4712.209843 812519.6115
42 817019.6115 4765.947734 821785.5592
43 826285.5592 4819.999096 831105.5583
44 835605.5583 4874.365757 840479.9241
45 844979.9241 4929.049557 849908.9736
46 854408.9736 4984.052346 859393.026
47 863893.026 5039.375985 868932.402
48 873432.402 5095.022345 878527.4243
49 883027.4243 5150.993309 888178.4176
50 892678.4176 5207.29077 897885.7084
51 902385.7084 5263.916632 907649.625
52 912149.625 5320.872813 917470.4978
53 921970.4978 5378.161237 927348.6591
54 931848.6591 5435.783845 937284.4429
55 941784.4429 5493.742584 947278.1855
56 951778.1855 5552.039415 957330.2249
57 961830.2249 5610.676312 967440.9012
58 971940.9012 5669.655257 977610.5565
59 982110.5565 5728.978246 987839.5347
60 992339.5347 5788.647286 998128.182
61 1002628.182 5848.664395 1008476.846
62 1012976.846 5909.031604 1018885.878
63 1023385.878 5969.750955 1029355.629
64 1033855.629 6030.824502 1039886.453
65 1044386.453 6092.254312 1050478.708
66 1054978.708 6154.042462 1061132.75
67 1065632.75 6216.191043 1071848.941
68 1076348.941 6278.702158 1082627.643
69 1087127.643 6341.57792 1093469.221
70 1097969.221 6404.820458 1104374.042
71 1108874.042 6468.431911 1115342.474
72 1119842.474 6532.41443 1126374.888
73 1130874.888 6596.770181 1137471.658
74 1141971.658 6661.50134 1148633.16
75 1153133.16 6726.610098 1159859.77
76 1164359.77 6792.098657 1171151.868
77 1175651.868 6857.969233 1182509.838
78 1187009.838 6924.224053 1193934.062
79 1198434.062 6990.86536 1205424.927
80 1209924.927 7057.895408 1216982.823
81 1221482.823 7125.316465 1228608.139
82 1233108.139 7193.130811 1240301.27
83 1244801.27 7261.34074 1252062.611
84 1256562.611 7329.948561 1263892.559
85 1268392.559 7398.956595 1275791.516
86 1280291.516 7468.367175 1287759.883
87 1292259.883 7538.18265 1299798.066
88 1304298.066 7608.405382 1311906.471
89 1316406.471 7679.037747 1324085.509
90 1328585.509 7750.082134 1336335.591
91 1340835.591 7821.540946 1348657.132
92 1353157.132 7893.416602 1361050.548
93 1365550.548 7965.711532 1373516.26
94 1378016.26 8038.428182 1386054.688
95 1390554.688 8111.569014 1398666.257
96 1403166.257 8185.136499 1411351.394
97 1415851.394 8259.133129 1424110.527
98 1428610.527 8333.561406 1436944.088
99 1441444.088 8408.423847 1449852.512
100 1454352.512 8483.722986 1462836.235
101 1467336.235 8559.46137 1475895.696
102 1480395.696 8635.641562 1489031.338
103 1493531.338 8712.266137 1502243.604
104 1506743.604 8789.33769 1515532.942
105 1520032.942 8866.858826 1528899.801
106 1533399.801 8944.83217 1542344.633
107 1546844.633 9023.260357 1555867.893
108 1560367.893 9102.146043 1569470.039
109 1573970.039 9181.491895 1583151.531
110 1587651.531 9261.300597 1596912.832
111 1601412.832 9341.574851 1610754.406
112 1615254.406 9422.317371 1624676.724
113 1629176.724 9503.530889 1638680.255
114 1643180.255 9585.218152 1652765.473
115 1657265.473 9667.381925 1666932.855
116 1671432.855 9750.024986 1681182.88
117 1685682.88 9833.150132 1695516.03
118 1700016.03 9916.760174 1709932.79
119 1714432.79 10000.85794 1724433.648
120 1728933.648 10085.44628 1739019.094

$1.74M and no condo vs. $1.23M with a condo worth maybe $510k if we assume 3% inflation… which is also $1.74M

So it’s not a clear win to sell the condo, and I come out okay either way.  Definitely lower risk if I don’t sell the condo, since I don’t have to have the $1500 to pay rent.

Lesson: rent is very painful.  I picked $1500 just assuming that renting would include that much more cost per month (moving cost, actual rent difference, etc.)

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