What is left of it after costs, tax and inflation?
The gross value is what the chart shows. From it comes the product cost, which is not a one-off but a small deduction from the return in every single year.
Then the tax on the gain, and at the end inflation, which does not take anything away but changes what the amount buys. Over thirty years that last step is usually the biggest one.
Between gross and real there are three deductions, and the largest of them is rarely the tax.
US$198,349 before costs and tax becomes US$173,751 after them. At 2.5 % inflation that buys what US$119,969 buys today. Product cost is 0.1 % a year.
Tax values for 2026, as the simulation starts with them.
Questions people ask
What is the ongoing product cost?
A yearly percentage of the invested amount, taken out of the fund's assets. It lowers the return every year.
What is the difference between nominal and real?
Nominal is the amount at the end. Real is what that amount would buy at today's prices.
Why is the tax applied at the end of the horizon?
Because the simulation assumes the gain is taxed once, at the end. That is a simplification and it is stated in the disclaimer.
Source: Annual values of the comparison series, as of 2025, retrieved 2026-11-09
One end value, from gross through costs and tax to what it buys.
The simulation, the comparison and the Beam stay free.
Education, not advice. Disclaimer