Liquor won't get any better once it goes into the bottle. It's not like wine in that respect. If you open it for a drink now then it will begin slowly deteriorating and will eventually taste funny. If you leave the bottle sealed there's a good chance that it will be more or less the same as it was when you bought it though you'll probably get some evaporation though the cork.
Some wine will keep for 20+ years but none of them will hold up for anywhere near that long unless they're stored in a proper cellar with temperature and humidity controls. If you don't have a wine cellar in your basement then wine is probably not a good choice for this project.
Vintage port, since it's sweet and fortified, will hold up quite well for 20+ years and will be a bit more tolerant of less than ideal cellaring conditions due to the fact that both the high residual sugar content and the relatively high level of alcohol will help to preserve it. Dunno if 2011 will be a declared vintage though.
If I were you, I'd toss a buck in a jar every Friday from now until the little bastard turns 21. Then I'd take the ~$1100 and buy him a seriously bad ass bottle of wine or liquor that someone else took all the risk of aging for you.
Brandine: Now Cletus, if I catch you with pig lipstick on your collar one more time you ain't gonna be allowed to sleep in the barn no more!
Cletus: Duly noted.
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