The Billion Dollar Retirement Question: Are We on the Right Track?

Hi, I am Mr. Idiot and I help people visualize their 'Financial Future' to inspire them for baby steps. Follow me on facebook

Introduction : My running buddy, Bhakta (name changed for privacy), asked me to help him out with his finances, so we spent some time last Sunday digging into the numbers. We went through a bunch of stuff, and the one thing that stood out was that he's a fantastic saver—super disciplined—but his investments could use some love :)

Few observations: So, Bhakta's not really sure what's going on with his 401(k) investments and hasn't been keeping track of things. We talked about it last Sunday, and he's actually open to taking some calculated risks since he's got 20 years until retirement. But get this – his entire 401(k) is in a 2045 target date fund! We used a calculator to show him how other investment options could do.

Comparison: We pulled up his investments in 401(k)over last few years and compared 4 funds.

Bhakta's current investments have earned him $617,000, which is great! But we looked at how things could be even better. FOCPX and FBGRX, for example, could potentially grow his money to around $1.5 million! Even investing in the S&P 500 (FXAIX) could get him close to a million. To really see the difference, we projected these returns into the future.

I hope this was helpful for you to visualize it . Pay attention to your investments as it costs millions.

Call To Action : Open a Brokerage account and start investing small amount consistently

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Thank you and keep building your legacy through Generational Wealth! Take care and don't forget to enjoy the journey and take care of your health.

Note : Please note that the calculations are estimates based on certain assumptions, such as variable annual returns. This blog post is intended to illustrate the potential long-term benefits of consistent saving and investing, not to provide specific financial advice. The information presented on this blog, including any visualizations or projections based on average historical data, should not be considered financial advice. Investing involves inherent risks, and the value of investments can fluctuate significantly.

When Bhakta retires in 2045, his investments could be anywhere from $4 million (FFFGX) to a whopping $29 million (FOCPX)! FBGRX could get him around $23 million, and even the S&P 500 (FXAIX) could grow his money to about $10 million. And if he lives to 100? Those numbers get even crazier! We're talking from $39 million (FFFGX) all the way up to billions – $1.2 billion for FBGRX and $2.2 billion for FOCPX! Even FXAIX could get him over $310 million.