Green Retirement

If you are one of the millions of American workers who has very little to no retirement savings, and who earns less than $50,000 per year, I have developed two simple savings plans which will easily allow you to go from zero savings to $1 million dollars in 20 years.  The $500 Plan and Save Your Raise.

The $500 Plan
Starting with zero savings, you can easily save $1 million dollars in 20 years, by following this simple method.  Begin saving only $500 per month, and then next year and every year after that, increase your monthly savings by $100.  So next year you save $600, and the year after that $700, and after 20 years you will have $1 million dollars.

That’s it, that’s all there is to it, nothing more complicated.  What if you can’t save any money?  You can’t even afford to save $100 per month for retirement?  There is a way you can save even more for retirement than the $500 Per Month Plan - Save Your Raise.

Save Your Raise
If you earn $45,000 per year, and every year you get a 5% raise,  save your raise and do not spend the extra income, and after 20 years you will have $1 million.

If you earn more than $45,000 per year, and use the Save Your Raise method, you will end up with more than $1 million after 20 years.

Using these two Green Retirement Methods almost anyone, even someone who has no savings, can become a millionaire in only 20 years.  As far as how to invest your savings to achieve $1 million, the savings in this example were invested using the Green Retirement Asset Allocation Model of 75% S&P Index Fund and 25% Treasury Direct.  The historical average return using this model is 9%.

And, here’s the kicker, in a previous article I wrote about how to retire with less than $1 million.  You do not need a million dollars to retire.  You can retire in less than 20 years.  The choice of when to retire is up to you, with Green Retirement, you control how much savings you need to retire and when you can retire.

You are reading the Green Retirement Blog, visit the Green Retirement Website, to learn how you can save your retirement by saving the planet. And find out when you can retire by trying our Free Retirement Planning.