This article evaluates how much people need to invest in Shiba Inu to reach the $2 million retirement threshold in the United States.
Many people hope that investing in cryptos like Shiba Inu (SHIB) will help them retire early. The amount required for early retirement depends on a person’s location or desires.
For example, someone living in a country with a lower cost of living can comfortably retire with a net worth of $700,000. However, this does not apply to someone living in a high-income country like the United States.
According to a CNBC report published earlier this year, retiring in Hawaii requires a net worth of $2 million for 25 years. This is the highest retirement threshold of any U.S. state. Still, the CNBC report puts the average retirement amount in the U.S. at around $1 million.
How much Shiba Inu is required for early retirement
An investor using Shiba Inu as a retirement strategy could reach the $2 million retirement threshold based on their initial investment in SHIB, entry price, and future appreciation of the asset.
This assessment considers three price target scenarios for how an investor can achieve a net worth of $2 million by investing in Shiba Inu.
$10,000 investment in SHIB at $0.000022
At the current price of $0.000022, $10,000 capital would net an investor 454,545,454 (454.54 million) SHIB. To reach the $2 million retirement threshold with a portfolio of 454.54 million Shiba Inu tokens, the price of SHIB must rise to $0.0044.
This represents an outstanding 19,900% increase from the current price of $0.000022. At $0.0044, Shiba Inu will remain in a market…
