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Years Needed to Build Up a Nest Egg
Sufficient to Fund Personal Income Taxes

The table below shows how long it would take to build up a nest egg sufficient to fund personal income taxes for various parameters. Explanation of the columns is as follows:

  • Column 1: Number of years that have passed since base year 2006

  • Column 2: The Year

  • Column 3: Projected personal income taxes collected by the federal using 2006 as a base year and considering it will grow at 3.55% a year to accommodate growing population and inflation

  • Column 4: Value of nest egg growing at 10% a year with $6 billion new funds added each year

  • Column 5: Value of nest egg growing at 12% a year with $6 billion new funds added each year

  • Column 6: Value of nest egg growing at 15% a year with $6 billion new funds added each year

  • Column 7: Value of nest egg growing at 20% a year with $6 billion new funds added each year

  • Column 8: Size of nest egg needed to fund personal income taxes if it generates 6% a year

  • Column 9: Size of nest egg needed to fund personal income taxes if it generates 8% a year

  • Column 10: Size of nest egg needed to fund personal income taxes if it generates 10% a year

# of
Years
Year Personal
Income Tax
10% Growth 12% Growth 15% Growth 20% Growth Nest egg
needed
 at 6%
Nest egg
needed
 at 8%
Nest egg
needed
 at 10%

2006

$105,742

$6,000

$6,000

$6,000

$6,000

$1,762,367

$1,321,775

$1,057,420

1

2007

$109,496

$12,600

$12,720

$12,900

$13,200

$1,824,931

$1,368,698

$1,094,958

2

2008

$113,383

$19,860

$20,246

$20,835

$21,840

$1,889,716

$1,417,287

$1,133,829

3

2009

$117,408

$27,846

$28,676

$29,960

$32,208

$1,956,801

$1,467,600

$1,174,080

4

2010

$121,576

$36,631

$38,117

$40,454

$44,650

$2,026,267

$1,519,700

$1,215,760

5

2011

$125,892

$46,294

$48,691

$52,522

$59,580

$2,098,200

$1,573,650

$1,258,920

6

2012

$130,361

$56,923

$60,534

$66,401

$77,495

$2,172,686

$1,629,514

$1,303,611

7

2013

$134,989

$68,615

$73,798

$82,361

$98,995

$2,249,816

$1,687,362

$1,349,890

8

2014

$139,781

$81,477

$88,654

$100,715

$124,793

$2,329,684

$1,747,263

$1,397,811

9

2015

$144,743

$95,625

$105,292

$121,822

$155,752

$2,412,388

$1,809,291

$1,447,433

10

2016

$149,882

$111,187

$123,927

$146,096

$192,903

$2,498,028

$1,873,521

$1,498,817

11

2017

$155,202

$128,306

$144,799

$174,010

$237,483

$2,586,708

$1,940,031

$1,552,025

12

2018

$160,712

$147,136

$168,175

$206,112

$290,980

$2,678,536

$2,008,902

$1,607,122

13

2019

$166,417

$167,850

$194,356

$243,028

$355,176

$2,773,624

$2,080,218

$1,664,174

14

2020

$172,325

$190,635

$223,678

$285,482

$432,211

$2,872,088

$2,154,066

$1,723,253

15

2021

$178,443

$215,698

$256,520

$334,305

$524,653

$2,974,047

$2,230,535

$1,784,428

16

2022

$184,778

$243,268

$293,302

$390,451

$635,583

$3,079,626

$2,309,719

$1,847,775

17

2023

$191,337

$273,595

$334,498

$455,018

$768,700

$3,188,952

$2,391,714

$1,913,371

18

2024

$198,130

$306,955

$380,638

$529,271

$928,440

$3,302,160

$2,476,620

$1,981,296

19

2025

$205,163

$343,650

$432,315

$614,661

$1,120,128

$3,419,387

$2,564,540

$2,051,632

20

2026

$212,447

$384,015

$490,192

$712,861

$1,350,154

$3,540,775

$2,655,581

$2,124,465

21

2027

$219,988

$428,416

$555,016

$825,790

$1,626,184

$3,666,473

$2,749,854

$2,199,884

22

2028

$227,798

$477,258

$627,617

$955,658

$1,957,421

$3,796,632

$2,847,474

$2,277,979

23

2029

$235,885

$530,984

$708,931

$1,105,007

$2,354,905

$3,931,413

$2,948,560

$2,358,848

24

2030

$244,259

$590,082

$800,003

$1,276,758

$2,831,886

$4,070,978

$3,053,233

$2,442,587

25

2031

$252,930

$655,091

$902,004

$1,474,272

$3,404,264

$4,215,498

$3,161,623

$2,529,299

26

2032

$261,909

$726,600

$1,016,244

$1,701,413

$4,091,117

$4,365,148

$3,273,861

$2,619,089

27

2033

$271,207

$805,260

$1,144,193

$1,962,624

$4,915,340

$4,520,111

$3,390,083

$2,712,066

28

2034

$280,834

$891,786

$1,287,497

$2,263,018

$5,904,408

$4,680,574

$3,510,431

$2,808,345

29

2035

$290,804

$986,964

$1,447,996

$2,608,471

$7,091,289

$4,846,735

$3,635,051

$2,908,041

30

2036

$301,128

$1,091,661

$1,627,756

$3,005,742

$8,515,547

$5,018,794

$3,764,095

$3,011,276

31

2037

$311,818

$1,206,827

$1,829,086

$3,462,603

$10,224,657

$5,196,961

$3,897,721

$3,118,177

32

2038

$322,887

$1,333,509

$2,054,577

$3,987,993

$12,275,588

$5,381,453

$4,036,090

$3,228,872

33

2039

$334,350

$1,472,860

$2,307,126

$4,592,192

$14,736,706

$5,572,495

$4,179,371

$3,343,497

34

2040

$346,219

$1,626,146

$2,589,981

$5,287,021

$17,690,047

$5,770,318

$4,327,739

$3,462,191

35

2041

$358,510

$1,794,761

$2,906,779

$6,086,074

$21,234,056

$5,975,165

$4,481,374

$3,585,099

36

2042

$371,237

$1,980,237

$3,261,592

$7,004,985

$25,486,867

$6,187,283

$4,640,462

$3,712,370

37

2043

$384,416

$2,184,261

$3,658,983

$8,061,733

$30,590,241

$6,406,932

$4,805,199

$3,844,159

38

2044

$398,063

$2,408,687

$4,104,061

$9,276,993

$36,714,289

$6,634,378

$4,975,783

$3,980,627

39

2045

$412,194

$2,655,555

$4,602,549

$10,674,542

$44,063,147

$6,869,898

$5,152,424

$4,121,939

40

2046

$426,827

$2,927,111

$5,160,854

$12,281,723

$52,881,776

$7,113,779

$5,335,335

$4,268,268

41

2047

$441,979

$3,225,822

$5,786,157

$14,129,982

$63,464,132

$7,366,319

$5,524,739

$4,419,791

42

2048

$457,669

$3,554,404

$6,486,496

$16,255,479

$76,162,958

$7,627,823

$5,720,867

$4,576,694

43

2049

$473,917

$3,915,845

$7,270,875

$18,699,801

$91,401,550

$7,898,611

$5,923,958

$4,739,166

44

2050

$490,741

$4,313,429

$8,149,380

$21,510,771

$109,687,860

$8,179,011

$6,134,259

$4,907,407

45

2051

$508,162

$4,750,772

$9,133,306

$24,743,386

$131,631,432

$8,469,366

$6,352,025

$5,081,620

46

2052

$526,202

$5,231,849

$10,235,303

$28,460,894

$157,963,718

$8,770,029

$6,577,522

$5,262,017

47

2053

$544,882

$5,761,034

$11,469,539

$32,736,028

$189,562,461

$9,081,365

$6,811,024

$5,448,819

48

2054

$564,225

$6,343,137

$12,851,883

$37,652,433

$227,480,954

$9,403,753

$7,052,815

$5,642,252

49

2055

$584,255

$6,983,451

$14,400,109

$43,306,298

$272,983,145

$9,737,586

$7,303,190

$5,842,552

50

2056

$604,996

$7,687,796

$16,134,123

$49,808,242

$327,585,773

$10,083,271

$7,562,453

$6,049,962

51

2057

$626,474

$8,462,576

$18,076,217

$57,285,479

$393,108,928

$10,441,227

$7,830,920

$6,264,736

52

2058

$648,713

$9,314,834

$20,251,363

$65,884,300

$471,736,714

$10,811,890

$8,108,918

$6,487,134

53

2059

$671,743

$10,252,317

$22,687,527

$75,772,946

$566,090,056

$11,195,713

$8,396,784

$6,717,428

54

2060

$695,590

$11,283,549

$25,416,030

$87,144,887

$679,314,068

$11,593,160

$8,694,870

$6,955,896

55

2061

$720,283

$12,417,903

$28,471,954

$100,222,620

$815,182,881

$12,004,718

$9,003,538

$7,202,831

56

2062

$745,853

$13,665,694

$31,894,588

$115,262,014

$978,225,458

$12,430,885

$9,323,164

$7,458,531

57

2063

$772,331

$15,038,263

$35,727,939

$132,557,316

$1,173,876,549

$12,872,181

$9,654,136

$7,723,309

58

2064

$799,749

$16,548,089

$40,021,292

$152,446,913

$1,408,657,859

$13,329,144

$9,996,858

$7,997,486

59

2065

$828,140

$18,208,898

$44,829,847

$175,319,950

$1,690,395,431

$13,802,329

$10,351,746

$8,281,397

60

2066

$857,539

$20,035,788

$50,215,428

$201,623,942

$2,028,480,517

$14,292,311

$10,719,233

$8,575,387

61

2067

$887,981

$22,045,367

$56,247,280

$231,873,534

$2,434,182,620

$14,799,688

$11,099,766

$8,879,813

62

2068

$919,505

$24,255,904

$63,002,953

$266,660,564

$2,921,025,144

$15,325,077

$11,493,808

$9,195,046

63

2069

$952,147

$26,687,494

$70,569,308

$306,665,648

$3,505,236,173

$15,869,117

$11,901,838

$9,521,470

64

2070

$985,948

$29,362,244

$79,043,625

$352,671,495

$4,206,289,407

$16,432,471

$12,324,353

$9,859,483

65

2071

$1,020,949

$32,304,468

$88,534,859

$405,578,220

$5,047,553,289

$17,015,824

$12,761,868

$10,209,494

66

2072

$1,057,193

$35,540,915

$99,165,043

$466,420,953

$6,057,069,947

$17,619,886

$13,214,914

$10,571,931

67

2073

$1,094,723

$39,101,006

$111,070,848

$536,390,096

$7,268,489,936

$18,245,391

$13,684,044

$10,947,235

68

2074

$1,133,586

$43,017,107

$124,405,349

$616,854,610

$8,722,193,923

$18,893,103

$14,169,827

$11,335,862

69

2075

$1,173,828

$47,324,817

$139,339,991

$709,388,802

$10,466,638,708

$19,563,808

$14,672,856

$11,738,285

70

2076

$1,215,499

$52,063,299

$156,066,790

$815,803,122

$12,559,972,450

$20,258,323

$15,193,742

$12,154,994

71

2077

$1,258,650

$57,275,629

$174,800,805

$938,179,590

$15,071,972,939

$20,977,494

$15,733,120

$12,586,496

72

2078

$1,303,332

$63,009,192

$195,782,902

$1,078,912,529

$18,086,373,527

$21,722,195

$16,291,646

$13,033,317

73

2079

$1,349,600

$69,316,111

$219,282,850

$1,240,755,408

$21,703,654,233

$22,493,333

$16,869,999

$13,496,000

74

2080

$1,397,511

$76,253,722

$245,602,792

$1,426,874,719

$26,044,391,079

$23,291,846

$17,468,884

$13,975,108

75

2081

$1,447,122

$83,885,095

$275,081,127

$1,640,911,927

$31,253,275,295

$24,118,706

$18,089,030

$14,471,224