If you’re in your 20s or 30s and can put away just $7,000 a year into a Roth IRA, you can have roughly $500,000 tax-free in 20 years at a 10% rate of return. Add a solo 401k on top of that, and the total jumps to over $2 million tax-free. This is the exact formula wealthy entrepreneurs follow—using extra work, side hustles, and disciplined investing to build long-term wealth.
If you’re 50 or older, the numbers still work. Saving $8,000 a year for 15 years can get you to about $300,000 tax-free, and combining that with a 401k strategy can push you to $1.5 million. Social Security isn’t going to cut it—this is how you create real retirement security.
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