$1 million for retirement

@jonesyslifestyle

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Why it worked

The video provides valuable, age-specific financial advice that is highly relevant to a broad audience interested in retirement planning. The clear breakdown of investment amounts makes the information easily digestible and actionable, encouraging viewers to save and potentially seek more advice from the creator.

Summary

The video explains how much money individuals need to invest monthly at different ages to reach $1 million by retirement, assuming a 10% annual return and a retirement age of 65. It highlights that younger investors need to save significantly less per month.

Structure

1Introduction to the topic: investing monthly to reach $1 million by retirement.
2Investment amounts needed at age 60, 50, and 40.
3Investment amount needed at age 30.
4Investment amount needed at age 20.
5Explanation of calculation parameters (10% return, age 65 retirement).
6Call to action to follow for more content.

Product placement

The video discusses personal finance and investing, with no specific product being promoted. The creator mentions doing this 'at no cost' and asks for a follow, implying their content is free advice.

Call to action

Follow button really, really helps.

Original caption

How much to invest by age to retire with 1 milly 💸 #PersonalFinance #financialfreedom #financialliteracy #budget #investing

More from @jonesyslifestyle

On-screen text

$1 million for retirement 10% annual return 60: 50: 40: 30: 20: 60: $12,900 50: $2,400 40: $750 30: $265 20: $95

Transcript

Here's how much you need to invest every single month by age to reach $1 million at retirement. Starting from oldest to youngest at a 10% annual rate of return. If you're age 60, you need $12,900 a month to retire a millionaire. If you're age 50, it drops down to $2,400 a month and at age 40, 750 a month. This is where it starts getting good. If you're age 30, you need to invest $265 a month to retire at 65 with a million dollars. But the one that we've all been waiting for, everybody who's in their 20s, you need to invest $95 per month to reach a million dollars at retirement. For this calculation, I use the 10% annual rate of return and retirement age of 65 years old. I do this at no cost so that follow button really, really helps.