How Much Money Will I Have When I Retire?
Earning your wealth is only half the battle. The other half is how to plan for retirement—in other words, how to retire rich. When you retire, you lose job-based income, so you need to make sure you’re accruing savings while also building and managing your wealth. Many investors don’t start saving seriously until their forties or fifties, which is a little bit like a mountain climber taking an inventory of his or her equipment halfway up the mountain.
When you prepare early to retire, you’ll see huge returns on investments made decades ago. The next time you ask “How much money will I have when I retire?”, think about this: due to compound interest, a 25-year-old would only have to save $381 per month to save $1 million by retirement age. A 55-year-old would need to save about 15 times that amount to save the same amount of wealth. How long will my retirement savings last? A long time, if you start saving early to retire.
At LexION Capital, we offer bespoke, custom-made solutions for retirement savings. When we manage your investments, we help you achieve both short-term gains and long-term wealth. We focus on after tax returns while reducing interest rate risks in the long term. That means you get to save to retire while building more wealth today. And you don’t have to stress by asking yourself how to retire rich!
Many investment banks focus on growing your wealth today without considering your savings for retirement. We care about building up your wealth today while helping you invest for tomorrow. So the next time you ask a financial advisor, “How much money will I have when I retire?”, remember that, at LexION Capital, that’s a question you don’t have to worry about.