Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade.
IonQ, Wolfspeed, and Lumen could all be potential multibaggers.
Most Americans believe they need at least $1.26 million to retire comfortably, according to Northwestern Mutual's 2025 Planning & Progress Study. Unfortunately, only 3.2% of American retirees have actually saved up more than $1 million across their retirement accounts, according to a recent Federal Reserve Survey of Consumer Finances.
That troubling gap indicates that many Americans didn't invest enough of their paychecks when they were younger. They also might have stuck with more conservative fixed-income investments -- like CDs and T-bills -- which trailed inflation and the broader markets.
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