Ticker: AMP โข Yield: 1.4% โข Growth (5yr): 11.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $2,571,428.57. But if AMP grows its dividend by 11.0% annually, you can invest less today and hit your goal later.
*Assumes constant dividend reinvestment is NOT included, only dividend growth.
Reinvesting all dividends with constant yield:
| Year | Total Value | Monthly Income |
|---|---|---|
| Year 1 | $2,607,429 | +$3,042/mo |
| Year 3 | $2,680,948 | +$3,128/mo |
| Year 5 | $2,756,540 | +$3,216/mo |
| Year 10 | $2,954,976 | +$3,447/mo |
๐ Financial Freedom approaching! You can quit the rat race.
Is your goal to generate $3000.00 every month passively? Using Ameriprise Financial (AMP), you'd need approximately $2,571,428.57 invested today. This figure assumes the yield holds steady at 1.40%.
Investors in the Financials sector often watch Ameriprise Financial (AMP). Stability is the key trait associated with this ticker.
From an investment angle, committing $2,571,428.57 requires conviction in AMP's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.