| Savings – How Much for How Long
How long does it take to save $1,000,000? Well…How
much time do you have? Time is a crucial factor in making money.
To figure out how long —and how much—it would take
you to save $1,000,000 use the chart below. Determine how long
you have to save and what rate of return you’ll earn
after taxes.
| ANNUAL RATE |
6% |
8% |
10% |
12% |
| YEARS
TO GOAL |
MONTHLY |
| 5 |
$14,333 |
$13,610 |
$12,914 |
$12,244 |
| 10 |
6,102 |
5,466 |
4,882 |
4,347 |
| 15 |
3,439 |
2,890 |
2,413 |
2,002 |
| 20 |
2,164 |
1,698 |
1,317 |
1,011 |
| 25 |
1,443 |
1,051 |
754 |
532 |
| 30 |
996 |
671 |
442 |
286 |
| 35 |
702 |
436 |
263 |
155 |
| 40 |
502 |
286 |
158 |
85 |
|
| 
