Chamath @ 01:16:08Right
If $2,000 is invested at birth into a low-cost S&P 500 index fund and compounds at an annualized 8% nominal return, its value at age 65 will be approximately $297,000.
Just so you know, the $2,000, by the time you're 65 at at 8%, which is, you know, if you just buy the S&P ETF would be about 300,000 297,000.View on YouTube
Explanation
Interpreting this as a conditional math statement, it is correct. Using the compound interest formula FV = PV·(1+r)^n with PV = $2,000, r = 0.08, and n = 65 years, the future value is:
FV = 2000 × 1.08^65 ≈ 2000 × 148.78 ≈ $297,560, which is “about 300,000 / 297,000” as Chamath said.
Note this does not guarantee the S&P 500 will actually deliver an 8% nominal annualized return; it only states the mathematically correct outcome if that rate is achieved.