Don’t forget to include reinvested dividends.
That makes it just under $400k, big difference.
I used this calculator. I took the deinflated $5k starting figure so just use the nominal results, not infusion adjusted.
If the next 40 years performs the same, with reinvested dividends, $15k will get you almost $1.2mm. That’s nominal, I wouldn’t want to guess about inflation adjusted.
That’s not a bad idea.
Why not completely divorce your phone from your portable computing device?
Before smartphones, they were getting pretty small. You could probably make a phone that was just a voice activated earbud now. Then have a device that was everything but the “phone” bits. You wouldn’t have to accept the locked down aspects that the cell providers demand, you could have all the variety and functionality of your home computer or laptop.