Becoming a multi-millionaire is a realistic goal, especially for recent college graduates. In fact, they only need to do one thing – save. If 20-somethings save consistently, start saving early and invest it in the markets, there is a good chance that by the time they retire they will have over a million dollars.
Maybe you got a late start in saving for retirement. It can still be a realistic goal to achieve.
What you need is a roadmap and a savings plan.
The following article on the Motley Fool has that road map all set for you – using your age and a hypothetical rate of return, you can see how much you need to save and invest each month to retire with $2 million.
If you’re stuck, send us a note and we can help.