Your Daily Guide to Millionaire Status

Your Daily Guide to Millionaire StatusChances are, you know that it takes steady savings to accumulate wealth. A recent article in Business Insider actually calculated how much you’d have to invest each day in order to become a millionaire.

Suppose your investments earn an average 7% yearly return, and you want to have $1 million by the age of 65. At age 20, you’d have to invest just $9 a day to achieve your goal—which really makes you rethink the cost of a cappuccino grande and a bagel at Starbucks every morning (typically over $10). If you start at age 25, then 12 dollars a day would do the trick. At age 30, your required daily investment goes up to $18, and it stays manageable even at age 35: $27 a day.

Of course, the longer you wait, the more you’re going to have to save. At age 55, your required investment has risen to $189 a day. If you’ve waited that long, let’s hope you have an enormous income to help you catch up.


This article was written for information purposes only and its content should not be construed by any consumer and/or prospective client as rebel Financial’s solicitation to affect, or attempt to affect transactions in securities, or the rendering of personalized investment advice for compensation. No client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from rebel Financial, or from any other investment professional. See our disclosures page for more information.


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