HOW MUCH WILL YOU NEED TO SAVE EACH MONTH TO BE A MILLIONAIRE AT AGE 65?
CURRENT
AGE 6% 8% 10% 12%
0 $104.33 $37.62 $12.89 $4.26
5 $141.75 $56.21 $21.23 $7.74
10 $193.12 $84.10 $34.98 $14.07
15 $264.04 $126.07 $57.72 $25.60
20 $362.84 $189.59 $95.39 $46.60
25 $502.13 $286.45 $158.12 $84.99
30 $701.89 $435.94 $263.39 $155.49
35 $995.50 $670.97 $442.38 $286.12
40 $1,443.01 $1,051.49 $753.67 $532.24
45 $2,164.31 $1,697.73 $1,316.88 $1,010.86
50 $3,438.56 $2,889.85 $2,412.71 $2,001.68
55 $6,102.05 $5,466.09 $4,881.74 $4,347.09
60 $14,332.80 $13,609.72 $12,913.71 $12,244.44
Note: Assumption is that savings are held within a compounding tax-sheltered investment.