REGN - Could Regeneron Stock Help You Retire a Millionaire?
2024-01-10 10:07:00 ET
There are many ways one could end up with $1 million or more by retirement. Putting enough money in a savings account or winning the lottery are among them. However, neither of these methods can hold a candle to investing in stocks. Savings accounts generally earn paltry interest rates, while no one can bet on winning the lottery.
By contrast, with an initial capital of $100,000 and 20 years to work with, it takes a compound annual growth rate of 12.2% to become a millionaire. That's not easy to pull off -- but it is well within many investors' reach.
With that said, let's consider a stock that has a chance to help you achieve that goal: biotech giant Regeneron Pharmaceuticals (NASDAQ: REGN) . The drugmaker has delivered excellent returns in recent years, but can it help make an investor a millionaire? Let's find out.
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Could Regeneron Stock Help You Retire a Millionaire?