My lifelong goal has been to retire with $5 million in the bank - once I hit that number, should I stop saving?
Briefly

from 24/7 Wall St.2 months ago
Deciding whether to stop saving once you've hit your goal number is a personal choice. Obviously, you must make absolutely sure your targeted amount is sufficient to support you and you haven't overlooked anything, such as failing to consider the impact of taxes or long-term care costs.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/my-lifelong-goal-has-been-to-retire-with-5-million-in-the-bank-once-i-hit-that-number-should-i-stop-saving/
Having the freedom to save less is actually one reason why it is so beneficial to invest early and aggressively. If you put enough money into assets that earn returns, eventually, your assets can work for you and grow your wealth without additional contributions.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/my-lifelong-goal-has-been-to-retire-with-5-million-in-the-bank-once-i-hit-that-number-should-i-stop-saving/
Read at 24/7 Wall St.
#investing #personal-finance #retirement-planning #wealth-growth #financial-independence
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