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Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade
ARMArm plc(ARM) The Motley Fool·2024-09-13 08:15

Cloudflare, MicroStrategy, and Arm could still be millionaire-maker stocks.Many investors consider 1millioninsavingstobeasolidbenchmarktoreachbyretirementage.Andyet,accordingtothelatestdatafromtheFederalReserve,Americanretireesbetweentheagesof65and74haveaccumulatedamediannesteggofjust1 million in savings to be a solid benchmark to reach by retirement age. And yet, according to the latest data from the Federal Reserve, American retirees between the ages of 65 and 74 have accumulated a median nest egg of just 409,900.A lot of Americans are falling short of that million-dollar mark because they didn't invest enough of their savings in ways that grew the principal significantly. Over the pas ...