Best way to reach 2 million USD by retirement

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Microsoft
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Mar 31 20 Comments

I heard somewhere you need 2 million USD to retire comfortably. How do one do that easiest? Diversify investments? Gamble? Get in on real-estate? Crypto?

Any ideas welcome. Sure more people thought about this.

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TOP 20 Comments
  • Microsoft
    ( ͡° ل͜ ͡°)

    Microsoft

    PRE
    Taco Bell, Campbell Soup, Jack in the Box
    ( ͡° ل͜ ͡°)more
    Uh you can close your eyes and save 2 mil over the span of your career in tech. The issue is it’s nowhere close to enough since QE era. You need at least 5 mil if you have a family.
    Mar 31 5
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      5mil you + spouse or each? Lol
      Mar 31
    • Microsoft
      ( ͡° ل͜ ͡°)

      Microsoft

      PRE
      Taco Bell, Campbell Soup, Jack in the Box
      ( ͡° ل͜ ͡°)more
      Yes.
      Mar 31
    • New / Eng 🌲FD
      Lol first world problems
      Mar 31
    • Capital One EXwk33
      2 million should earn you 100k of income per a year which should be fine in the vast majority of the country. You probably dont want to live in SF with that level, but then again SF is a shithole so no reason to live there if you arent working there anyways
      Mar 31
    • New / Mktg
      hrWD33

      New Mktg

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      Oracle
      hrWD33more
      @capitalone, just wondering if that takes inflation and taxes into consideration. Is the 100 net?
      Apr 14
  • Microsoft TechMAGA
    Save early and save frequent. Compound return is magical.
    Mar 31 0
  • Google YGE
    Easiest? Try crypto. Specifically, bitconnect.
    Mar 31 2
    • New / Finance Shannara
      BIT-CONEEEEEEEEEEECT!
      Mar 31
    • Google YGE
      hey hey heyyyyy
      Mar 31
  • Amazon / Eng xgIO00
    Start with 3 millions, and buy some stuff every month so that you can gradually reduce it to 2 millions by the time you retire
    Apr 1 0
  • Amazon / Eng n0v
    2 million might be enough to retire today (frugally). If you are planning for 20-30 years from now, you need 4-5Million.
    Mar 31 2
    • Google &Anubis14
      But that's the whole point of the 2 million in retirement savings... It grows over time to get to 4-5 million 20-30 years from now. Pretty neat huh?
      Mar 31
    • Amazon / Eng n0v
      But if you retire now, you'll be eating into principal. If you mean get to $2M in savings today so that you can retire in 30 years, that's a pretty different story.
      Mar 31
  • Capital One EXwk33
    In general save as much as you can. Stock market has averaged about 10% a year forever, this should get you there as long as you save a decent amount throughout your career
    Mar 31 0
  • Google &Anubis14
    It obviously depends when you want to retire right? Cuz you'd need to save for more years in retirement....
    Mar 31 0
  • Gigamon / Eng
    chitchor

    Gigamon Eng

    BIO
    what's th is
    chitchormore
    There is no easy way. Work hard. Save more. Diversify.
    Mar 31 0
  • Apple / Eng cho Chang
    Get in to FNG.
    Mar 31 0
  • Facebook public2
    2m will produce about 80k a year. If that's what you need to retire then yes.
    Mar 31 0
  • Twitter chutya
    I heard that 10 years, not true anymore.
    Mar 31 0

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