By Vishesh Raisinghani ,
3 hours ago
The Diary Of A CEO and David Bach / YouTube
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How much do you think you need to retire comfortably in 2026? For the average American, the number is $1.46 million, according to a survey by Northwestern Mutual (1).
That might sound like a lofty and unattainable number to some, but according to financial author David Bach, it could cost as little as $27.40 a day.
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“I have spent the last 33 years of my life helping millions of people with ordinary incomes become financially free and there’s a formula to getting rich,” Bach told (2) Steven Bartlett in a 2026 episode of “The Diary Of A CEO” podcast.
Here’s a closer look at how his formula could turn $27.40 into seven figures—and how you can do it without budgeting or applying superhuman willpower.
The growth formula
Bach’s claim is based on a simple and well-known formula: compound interest. According to Acorns (3), you start by multiplying your principal investment by 1 plus your expected growth rate. Then, you raise the result to the power of your investment time frame.
The good news is that you don’t have...