If you use the strategy I’m about to reveal to you, I guarantee that you will retire with more money than the average person.
How To Retire With Millions
The secret to retiring with millions, is so simple. All you have to do, is invest early!
It’s true, investing into retirement at an early age, and making a commitment to invest monthly, is the key to an abundance of money in retirement.
Let’s say that at age 16, you invest 50 dollars, and then invest an additional 50 dollars every month until age 67, which is the average retirement age; you will end up with nearly 2 million dollars In retirement (assuming you receive a 12% yearly return.)
Now lets say that you invested the same amount, retired at the age 67, and got a 12% yearly return. Only this time, you did this starting at age 20. You will only have about 1 million dollars in retirement. Do you see that huge difference?
Investing just four years later could lose you a million bucks! The age you start investing can make the difference between a good or bad retirement!
You would more than likely end up with more than 2 million dollars if you invest at such an early age, because realistically, you would invest more than $50 every month. If you just invest 50 more dollars a month ($100) You would end up with over 3.5 million! Doesn’t that sound nice?
How To Calculate Your Investment ROI
If you want to do some calculations for yourself, just go here.
It can be fun, interesting, and eye opening, to calculate how much you will receive in retirement. This is an amazing tool, that is definitely worth a try! This tool has helped me a lot with deciding when and what to invest.
other valuable tips:
Although it may be better to invest early, it’s never too late! There’s no better time to invest. Try to find any spare money you can, and put it into a mutual fund, or any other retirement fund! Then, just try to put in 10% – 20% of your monthly earnings into your fund. If you can’t do this, don’t worry! Just invest what you can!
So, invest today and enjoy a better retirement! Remember, just do what you can. A little bit of money is better than none. Make sure to share this with your friends and family so that they too can enjoy a wealthy and stress-free retirement!
Image Credit: Pixabay
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