Here’s What You Need to Invest in XRP Today to Retire by 2040
The post Here’s What You Need to Invest in XRP Today to Retire by 2040 appeared on BitcoinEthereumNews.com.
Many see XRP as a potential vehicle for wealth and financial success. They envision a future where XRP’s value rises so dramatically that today’s holders become millionaires, allowing them to retire from active work. This vision has sparked significant discussion within the XRP community about how to strategically invest in XRP to position oneself for potential financial success and achieve the goal of early retirement. Accordingly, this article examines the potential for retiring with XRP by 2040. Creating a Retirement Plan First, the amount needed to retire comfortably varies based on individual factors such as lifestyle, location, health, and expected lifespan. While research offers general guidelines, no single figure applies to everyone. Financial planners often suggest that retirees need about 70–80% of their pre-retirement income annually to maintain their standard of living. For example, those earning $100,000 annually should aim for $70,000 to $80,000 annually in retirement. This brings us to the question of how to reach that number. Fidelity’s savings benchmarks recommend saving 10 times your pre-retirement income by age 67 to ensure a comfortable retirement. For example, if your salary is $67,920, the U.S. average in 2024, you would need around $679,200 saved by age 67. Meanwhile, a 2025 study by Northwestern Mutual found that Americans believe they need an average of $1.26 million to retire comfortably. Similarly, Charles Schwab’s 2024 survey suggests a “magic number” of $1.8 million. However, the required retirement amount can be much lower in countries with significantly lower costs of living. In such places, retiring comfortably may not require millions of dollars. Still, the overarching theme remains: accumulating up to $1 million is a retirement goal for many, due to the financial freedom such funds can provide. This brings us to the question of how XRP can help build a $1 million retirement…
