This article assesses how much people need to invest in FAYA to reach the $2 million retirement threshold in the United States.
Many individuals hope that investing in cryptos like FAYA (FAYA) will help them retire early. The amount of money required for early retirement depends on an individual’s location or appetite.
For instance, someone living in a country with less cost of living may comfortably retire with a $700,000 net worth or less. However, this cannot be said about someone residing in a high-income country like the United States.
According to a CNBC report published earlier this year, retiring in Hawaii for 25 years requires a net worth of $2 million. This is the highest retirement threshold for any U.S. state. Despite this, the CNBC report set the average amount required for retirement in the U.S. at around $1 million.
How Much FAYA Required for Early Retirement
An investor using FAYA Token as a retirement strategy might achieve the $2 million retirement threshold based on their initial investment in FAYA, the price of entry, and the future surge in the asset.
This assessment considers three price target scenarios on how an investor can hit a net worth of $2 million by investing in FAYA Token.
$10,000 Investment in FAYA at $0.0000002239
At the current price of $0.0000002239, a capital of $10,000 will fetch an investor 44,670,164,456 (44.67 Billion) FAYA. To reach the $2 million retirement threshold with a portfolio of 44.67 Billion FAYA tokens, FAYA’s price must surge to $0.00004477.
This represents an outstanding surge of 19,900% from the current price of $0.0000002239. At $0.00004477, FAYA Token will sit on a market cap of $497 billion, to know Bitcoin’s current valuation of $2.01 trillion.
While FAYA Token has shown it has strong growth prospects, its circulating supply of over 11 trillion tokens could pose a major challenge to its potential surge to $0.00004477.
$50,000 Investment in FAYA at $0.0000002239
Therefore, investors who wish to retire early upon hitting the $2 million threshold need to invest more than $10,000 in FAYA Token at its current price.
For instance, an investment of $50,000 into FAYA Token today will procure 223,350,822,281 (223 billion) FAYA tokens. This investment will rise to $2 million if the price of FAYA surges 3,900% from the current price of $0.0000002239 to $0.00000896.
FAYA Token’s market cap will stand at $99 billion at this target, placing FAYA as the top 10 cryptocurrency based on current realities.
$100,000 Investment in FAYA at $0.0000002239
Furthermore, investors can also make a significant investment of $100,000 in FAYA Token to quickly reach the retirement threshold of $2 million.
Notably, purchasing $100,000 worth of FAYA at the current price of $0.0000002239 will fetch 446,701,644,564 (446 billion) FAYA tokens. This portfolio of 446 billion FAYA will be worth $2 million when FAYA’s price rises 1,900% to $0.00000448 per token.
At a target of $0.00000448, FAYA Token’s market will stand at $49 billion, assuming the circulating supply remains fairly stable at $49 billion tokens.
Despite how lucrative this assessment seems, FAYA Token is not guaranteed to hit any of the above mentioned targets, including $0.00004477, $0.00000448, or $0.00000896, anytime soon.
Therefore, crypto investments should be approached with caution, especially when considering them as a strategy for early retirement.
Disclaimer: This material is provided for informational purposes only and should not be construed as financial advice. The viewsand opinions expressed within this content are solely those of the author and do not necessarily reflect the official position of The Crypto Basic.
Readers are strongly encouraged to conduct independent research and due diligence before making any investment decisions.