Where do you think the S&P will be by 2030?

I heard Tom Lee say that he believes the S&P will be at 15,000 by 2030. He believes that we’ll see a stretch of mid to high teens annualized returns due to favorable demographics and the earnings lift from generative AI.

Obviously this is very bullish and probably a bit too optimistic. But where do you think the S&P will be in 2030? I think this is a fun but also useful exercise to make it easier to stay invested. Instead of thinking about “7% per year” or “10% per year”, think about the actual number we’ll be at in 5, 10, or 20 years.