AMA The Fifth Person
Asked on 21 Feb 2019
Aiming for $10 million in USD
(I know, all financial advisors worth their salt will suggest you save in the currency of the country you are retiring in but I am biased for the USD)
So I am pushing for $5m in stocks by 2025. Going by average stock market returns, ideally, it can double by 2035.
Yes, to have a sense of how much is required for retirement and how far am I away from that goal. For me, having a plan (with actual numbers) allows me to work towards my goal better and acts as a form of motivation.
I project based on 40% returns pa. Based on this I'm aiming to retire or at least have the freedom of choice to continue working or not in the next 3 to 5 years.