If you start with $10,, you need to save $70 a day to be a millionaire in 20 years. If you have $50,, you only need $24 a day to be a millionaire in 20 years. Compounded interest is the .
How Much to Save in Your 20s to Become a Millionaire
This millionaire financial calculator will show you how much you need to save each month to become a millionaire. For example, you have $10, in savings. You. $, What $1 million will be worth in today’s dollars. Based upon the numbers above, you will be a millionaire in 31 years. If you start today, that means you’ll reach your goal in .
We’re assuming that you’re putting the money into an investment account with a decent interest of about 6 percent. If you’re 20 years old, you’ll need to save about $ per day. .