How Much Money Is “Enough”? | A Powerful Lesson About Wealth
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How Much Money Is “Enough”? | A Powerful Lesson About Wealth
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💸 Here’s exactly how much you need to invest every single month to reach an account balance of $2m. For reference, this allow you to safely withdraw $100k/yr, and these numbers also account for inflation At 60, you only have 5 years, so you’d need to invest $27,935 each month, and will have contributed $1,676,143. At 50, you’d need to invest $6,309 every month and have contributed $1,135,782 by 65. Starting at 40, you’d need to invest $2,468 every month, and will have contributed $740,676. At 3
1:06
💸 Here’s exactly how much you need to invest every single month to reach an account balance of $2m. For reference, this allow you to safely withdraw $100k/yr, and these numbers also account for inflation At 60, you only have 5 years, so you’d need to invest $27,935 each month, and will have contributed $1,676,143. At 50, you’d need to invest $6,309 every month and have contributed $1,135,782 by 65. Starting at 40, you’d need to invest $2,468 every month, and will have contributed $740,676. At 3
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