How Much to a Million

It always seems to be the magic number: “How do I get to a million?”

Just like when we set goals for the year in my office, the yearly figure seems big, but when broken down to monthly, or even weekly, it doesn’t seem as difficult. If you plan on an 8% return on stocks and 4% return on bonds and 2% for inflation and age of 65 for your goal, you can use the following monthly figure to get you to a million:

• 20 years old: $306 (what you think kids?)
• 30 years old: $645
• 40 years old: $1,396
• 50 years old: $3,406
• 55 years old: $6,055 (what the heck you been doing?)

Note: $1 million is usually not enough to last your retirement but it’s a good start.

Action Step for You: Figure out what you need to make the million.

Visualize a clear picture of the end results for your life and business. Learn more in my ebook.