Saving $1 million when you’ve fair-minded graduated college might sound impossible, yet you can get there with time and dedication.
How much you’ll need to save every month, in any case, will depend on how fast you plan to reach your goal.
Luckily, CNBC crunched a range of numbers to excess you some options.
Here’s how much you will need to start investing every month to reach one million dollars — conditioned down by your target age.
First, let’s go over how we got the numbers. The math assumes you are starting with no money in savings, that your investments compel earn 4% in annual returns, and that you start saving at 22 and fresh out of college.
Check out this video to club into the figures.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.