How many years would it take to make $1,000,000? Justify your answer.

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asked Apr 24, 2023 68.7k views

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Deserie · Answer 1 · 2023-04-29T13:45:34+0000

Even with an average annual return of 10%, you'll have to save $481 per month to get to $1 million before you retire. At 6%, you would need to save $1,021 per month.

How many years would it take to make $1,000,000? Justify your answer.

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