Here is what you need to do during each decade of your life to stay on track to become a millionaire. Assuming an 8% average net return, you would need to save only $2,600 or so, per year, to retire a millionaire at 67. If you are starting in your forties, you will need to save more to retire a millionaire. Assuming an 8% net investment return, you will have to save around $11,500, per year, to retire a millionaire by the age of 67. If you want to retire at age 67, assuming an 8% net investment return, you would need to save around $30,000, per year, to retire a millionaire.

Source: Forbes March 13, 2020 13:52 UTC