Does maxing your Roth IRA give you enough at retirement?

Does maxing your Roth IRA give you enough money to retire if you made no other investments? Let's see. Right now the max that you can put into a Roth IRA is $7,500 per year, or $625 per month. And putting all that money into index funds that track the 500, that money would be growing on average at 8% per year. Now, I'll break this showing you what would happen if you did this for 20 years, and if you did this for 30 years, as well as if you have social security and if you don't have social security. If you did this for 20 years, you would end up with $368,000 invested. You could literally have zero dollars in your 40s and still end up with $368,000 in your 60s. During retirement, you're gonna live off 4.7% of your retirement balance. You're gonna withdraw every single year. This means that you could technically withdraw $18,000. But remember, this is tax-free Roth IRA. So this is gonna be making $25,000 per year. Now, without social security, this is gonna be the average social security is $24,000 per year. This would actually bump you up to a $42,000 dollar salary. And again, this is tax-free. So it's probably gonna feel like you're making $55,000 per year. If you layer security, you're talking like $68,000, $86,000. The average retirement lives off of $5,100 a month. So if you were investing for 20 years, you would be living below the average. But 30 years of just maxing out your Roth could be living off of more than retirement. Now, if you did this for 30 years, that would actually move up to $931,000, which by the way, less than 4% of people actually retire with $1 million. This means that you would be able to withdraw $44,000 per year. Again, it's tax-free. So it's probably gonna feel like making $57,000. If you layer security, you're talking like $68,000, $86,000. The average retirement lives off of $5,100 a month. So if you were investing for 20 years, you would be living below the average. But 30 years of just maxing out your Roth could be living off of more than retirement.