SlyReaper wrote:Interest rates tend to hover at around the rate of inflation, so the money you get out will be worth exactly the same as the amount you put in. The more sensible option would be to go so far forward in time that post-scarcity society is achieved. That way you can live like a king without any money at all.
Grabbing historical CD rates from here
, the average rate between 1993 and 2008 was 4.775%.
compound interest calculator with that average, $1000 USD deposited in 1993 would be ~$2000 in 2008.
According to this
website, $1000 1993 USD would be worth:
$1,490.00 using the Consumer Price Index
$1,390.00 using the GDP deflator
$1,640.00 using the value of consumer bundle
$1,580.00 using the unskilled wage
$1,600.00 using the Production Worker Compensation
$1,850.00 using the nominal GDP per capita
$2,170.00 using the relative share of GDP
Averaging those out, we get ~$1700. Working backwards, that means your 1993 self just added ~$200 to their initial $1000. Not too shabby, although we haven't included taxes yet.