Want $1 Million In Retirement? Invest $50,000 in These 2 Stocks and Wait a Decade
2025-12-16 16:25:00 ET
Many Americans consider $1 million in savings to be a baseline for a comfortable retirement. Unfortunately, fewer than 5% of Americans have actually reached that milestone, according to a recent analysis by the Employee Benefits Research Institute of Federal Reserve data.
If you have at least a decade until retirement, you should probably ramp up your investments. For example, a simple $100,000 investment in an S&P 500 index fund could still blossom to $259,000 if it continues to grow at a CAGR of 10% over the next ten years. But if you're willing to take on a bit more risk, splitting that $100,000 into two $50,000 investments in Plug Power (NASDAQ: PLUG) and ChargePoint (NYSE: CHPT) could net even bigger gains.
Both of these stocks are speculative plays, but they could potentially rise more than tenfold over the next decade if they successfully scale up their businesses. Let's review their business models, growth rates, and valuations to determine if they are suitable for your retirement portfolio.
NASDAQ: CHPT
CHPT Trading
2.53% G/L:
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47,493 Volume:
$5.41 Open:
