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.
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.
Easiest? Try crypto. Specifically, bitconnect.
BIT-CONEEEEEEEEEEECT!
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I heard that 10 years, not true anymore.
Get in to FNG.
It obviously depends when you want to retire right? Cuz you'd need to save for more years in retirement....
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
2m will produce about 80k a year. If that's what you need to retire then yes.
2 million might be enough to retire today (frugally). If you are planning for 20-30 years from now, you need 4-5Million.
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?
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.
There is no easy way. Work hard. Save more. Diversify.
Save early and save frequent. Compound return is magical.