Have you ever wondered what it would take to be a millionaire?
Take a look at the chart below...
Using your age (column on left), compare it to the percentage you would like to be able to draw annually along the top. The corresponding amount to these two items is the amount you will need to deposit each month until age 65. Number on the left is the age you start investing and the number across the top is the interest rate you are getting . The numbers in the chart show how much a month you would have to invest to be a millionaire by age 65.
Note: It is assumed that savings are held within a compounding tax sheltered investment.
Note: It is assumed that savings are held within a compounding tax sheltered investment.