No savings at 50? I’d invest in the FTSE 100 to get rich and retire early

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. If you want to buy individual stocks to improve your retirement prospects, we have some ideas. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 5 Stocks For Trying To Build Wealth After 50 Enter Your Email Address Investing in the FTSE 100 after its recent crash might seem like a risky idea. However, over the long run, the index has proven to be an essential tool for creating wealth. So, while the UK’s leading blue-chip index might suffer further declines in the short run, investors who have a long-term time horizon may benefit from the index’s relatively high returns. It could even help you retire early from a standing start at 50 years of age. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Retire on the FTSE 100The FTSE 100 has been around since the mid-1980s. During this time, the world has been through many economic booms and busts. On some occasions, the index has lost nearly 50% of its value as investor sentiment has collapsed. However, despite these peaks and troughs, the blue-chip index has achieved an average annual return of 8% since its inception. That’s significantly higher than the interest rates offered on most savings accounts today. As such, setting up a monthly investment plan in the FTSE 100 could help you build a sizeable financial nest egg and retire early.Monthly investingMost online stockbrokers offer a monthly investment plan today, some from as little as £25 a month. These regular investment plans allow you to pick one, or a selection of investment funds to buy every month via direct debit. Once the funds are selected, all you need to do is sit back and relax. It is as easy as that. A simple FTSE 100 tracker fund could allow you to track the index with no extra effort. This may be the best way to invest in the FTSE 100 and build a retirement fund. Buying the index as a whole removes the risk of making a bad investment and provides a high level of diversification. What’s more, the fund tracks the index for you. The fund’s managers buy or sell companies if they are added to or removed from the index. Retire early Using the FTSE 100, it could be straightforward to build a large pension pot in a short time frame. For example, an investment of £5k a month for 10 years may grow to be worth nearly £1m. That could be enough to provide an annual income of £50k in retirement. There are other options available to grow your nest egg faster. Some FTSE 100 stocks have produced double-digit returns over the past few years.At an annual growth rate of 10% per annum, it would take monthly deposits of £4,500 to build a £1m pension pot. Buying high-quality companies with strong balance sheets, at low valuations may be the best way to profit using this strategy. So, while buying the FTSE 100 right now might seem like a risky prospect, investors should focus on its long-term potential. Over time, owning the index could transform your retirement prospects and help you to retire with a larger pension pot.  Rupert Hargreaves | Saturday, 20th June, 2020 | More on: ^FTSE Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Click here to claim your free copy of this special investing report now! No savings at 50? I’d invest in the FTSE 100 to get rich and retire early See all posts by Rupert Hargreaveslast_img read more