Here’s how much you need to save each month to become a millionaire in 20 years

by Dramelin 7:30 PM 0 comments

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 to hit that milestone by 67.
But what if you want to speed up the process and reach seven-figure status in the next 20 years?We used CNN Money`s helpful millionaire calculator to estimate how much you`ll need to put away each month.
If you`re starting from scratch with zero savings, you need to save $2,200 a month to become a millionaire by March 2037.
Now, let`s say you already have some savings.