Want $1 Million in Retirement? Invest $50,000 in These 3 Stocks and Wait a Decade.
Most Americans saved far less than $1 million to live out the rest of their days. According to the Federal Reserve Board, Americans between 45 and 54 have only saved a median of $115,000 for retirement, while those between 55 and 64 have only socked away a median of $185,000 in their retirement accounts.
If you belong in one of those two categories, you should consider buying and holding a few promising growth stocks to cross the million-dollar mark. If you have $150,000 to invest, you would need to grow your investment at a compound annual growth rate (CAGR) of 21% over the next 10 years to join the two comma club.
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Source Fool.com
