Here’s How To Reach $3.6 Million By Age 65, According To Dave Ramsey—’It Really Is That Simple’
Most people dream of financial freedom, but the path to becoming a millionaire often seems complicated. to Dave Ramseya well-known personal finance expert, says reaching $3.6 million by age 65 is achievable for anyone willing to follow a consistent plan. In a recent tweet, Ramzi explained a clear investment strategy that, despite its simplicity, requires discipline and patience.
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According to Ramsay, if you invest 15% of the median American household income ($77,000) in growth stock mutual funds, you can reach $3.6 million by the time you reach retirement by investing at an annual rate of return of 10%, starting with Of retirement age. 30 years and continues until you are 65 years old. As Ramsay said: “It’s really that simple – but it’s not easy. If it were easy, everyone would be millionaires.”
Ramsay’s advice is most effective when combined with a consistent investment strategy. Saving 15% of your income each year may seem like a lot, especially when it comes to bills and other obligations, but Ramsay’s approach focuses on the long game — gradual accumulation that pays off big by the time you retire. Compound interest is the real magic Here: The earlier you start, the more time your money will have to grow.
Making small, regular contributions to growth stock mutual funds can lead to significant returns over time. This idea is not new, but people often forget it because they think they need a high income to build wealth. What you really need is a plan to keep investing regularly, not a huge paycheck.
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As Ramsey noted, while the strategy itself is simple, It’s not necessarily easy. Most people struggle to stick to a plan that spans decades. As life throws your way—emergencies, lifestyle upgrades, and unexpected expenses—adhering to the 15% rule requires financial discipline, a budget, and oftentimes some really tough choices.
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