This article assesses 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 cryptocurrencies like Shiba Inu (SHIB) will help them retire early. The amount of money needed for early retirement depends on the person’s location or appetite.
For example, someone who lives in a country with a lower cost of living can retire comfortably with a net worth of $700,000. However, this cannot be said for someone who resides 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 state in the U.S. Despite this, the CNBC report pegged the average amount required for retirement 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, the entry price, and the asset’s future growth.
This evaluation considers three target price 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, a capital of $10,000 would earn 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 exceptional 19,900% increase from the current price of $0.000022. At $0.0044, Shiba Inu will have a market capitalization of $2.59 trillion, surpassing Bitcoin’s current valuation of $2.01 trillion by 28.85%.
While Shiba Inu has shown that it has strong growth prospects, its circulating supply of over 589 billion tokens could pose a major challenge to its potential rise to $0.0044.
$50,000 Investment in SHIB at $0.000022
Therefore, investors who wish to retire early upon reaching the $2 million threshold should invest more than $10,000 in Shiba Inu at its current price.
For example, an investment of $50,000 in Shiba Inu today will earn 2,272,727,272 (2.27 billion) SHIB tokens. This investment will increase to $2 million if the price of SHIB increases by 3,900% from the current price of $0.000022 to $0.00088.
The market capitalization of Shiba Inu will stand at $518.54 billion in this target, which places SHIB as the second largest cryptocurrency according to current reality.
$100,000 Investment in SHIB at $0.000022
Additionally, investors can also make a significant investment of $100,000 in Shiba Inu to quickly reach the $2 million retirement threshold.
In particular, buying $100,000 worth of SHIB at the current price of $0.000022 will get you 4,545,454,545 (4.54 billion) SHIB tokens. This portfolio of 4.54 billion SHIB will be worth $2 million when the price of SHIB rises 1.900% to $0.00044 per token.
With a target of $0.00044, the Shiba Inu market will sit at $259.27 billion, assuming the circulating supply remains fairly stable at 589.25 trillion tokens.
As lucrative as this valuation seems, Shiba Inu is not guaranteed to hit any of the goals mentioned above, including $0.0044, $0.00088, or $0.00044, anytime soon.
Therefore, cryptocurrency investments should be approached with caution, especially if considered as an early retirement strategy.
