[00:01] investing. You can see that the first is very achievable, but they do get harder as you go. At $50 a month, it won't retire you, but over 30 years of investing 50 bucks a month or $600 a year, it will turn into about $75,000.
[00:15] because it's the one that makes you an investor. Tier two is $200 a month, and on the median salary in the United States, this is roughly 4 to 5% of that paycheck. Now, over 30 years, this will compound to $300,000,
[00:29] whereas you only contributed $72,000. So, compounding, you can see, is picking up. Tier three is $500 a month, and that becomes $745,000 at retirement. And for most people, this is going to be enough because if you add
[00:42] full retirement. It's not a dream retirement by any means, but it does get the job done. And tier four is $2,000 a month. I know that's a big jump, but it's at this tier where your ending balance can be well over $3 million in
[00:55] 30 years. And at a 4% withdrawal rate, that means that it's going to pay you about $120,000 a year without working, which gives you ultimate financial freedom. Nobody stays in just one tier. As you make more money, you can invest
[01:07] more and more. So, what tier are you on? Let me know in the comments.