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5 years? You plan on moving 25k a month to your brokerage?
Yes, how will you go from $1.2M to $4M in 5 years?
“In year 5, I’ll inherit $4M”
That’s a big jump.
Subject Expert
$4m is a lot.
You could live on less than that and retire earlier
Give us your secret to go from $1.2M to $4M in five years please.
Get a job you like
4M to 6.8M in 5 years? Yeah no problem. 1.2 to 4? Hmm
$1.2M at 7% CAGR will get you $1.7M in 5 years. The gap to $4M, assuming same CAGR for incremental investment over those years, can be closed if you invest ~$400k per year. Doable if you can save and invest at that rate over the next 5 years, OR, you catch a lucky break with your investments and the period is a little less than 5 years.
His parents are about to have the type of situation like after you piss off Putin and fall out a window "by accident" next week. That's how he gets to $5 million