To design fast memory devices, we need material combinations which can facilitate fast read and write operation. We present a heterostructure comprising a two-dimensional (2D) magnet and a 2D topological insulator (TI) as a viable option for designing fast memory devices. We theoretically model spin-charge dynamics between the 2D magnets and 2D TIs. Using the adiabatic approximation, we combine the non-equilibrium Green's function method for spin-dependent electron transport, and time-quantified Monte-Carlo for simulating magnetization dynamics. We show that it is possible to switch the magnetic domain of a ferromagnet using spin-torque from spinpolarized edge states of 2D TI. We further show that the switching between TIs and 2D magnets is strongly dependent on the interface exchange (Jint), and an optimal interface exchange depending on the exchange interaction within the magnet is required for efficient switching. Finally, we compare the experimentally grown Cr-compounds and show that Cr-compounds with higher anisotropy (such as CrI3) results in lower switching speed but more stable magnetic order.