Here’s how much money you need to save each month to be a millionaire in 20 years. (via CNBCMakeIt)
If you start saving and investing early on, becoming a millionaire might not be as hard as you think.
If you're putting away $415 a month starting in your 20s, $651 a month starting in your 30s or $1,300 starting in your 40s, and getting a 6 percent return on your investment, you're on the right track toBut what if you want to speed up the process and reach seven-figure status in the next 20 years? We used CNN Money's helpfulIf you're starting from scratch with zero savings, you need to save $2,200 a month to become a millionaire by February 2038.
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