How much to invest to have $1 million by retirement

Start early to attain your goal.

Starting at age 20:

• Assuming a 6% return, compounded monthly, you should aim to invest $364 a month toward retirement to reach $1 million in savings by age 65.

Starting at age 30:

• Assuming a 6% return, compounded monthly, you should aim to invest $704 a month toward retirement to reach $1 million in savings by age 65.

Starting at age 40:

• Assuming a 6% return, compounded monthly, you should aim to invest $1,444 a month toward retirement to reach $1 million in savings by age 65.

Starting at age 50:

• Assuming a 6% return, compounded monthly, you should aim to invest $3,439 a month toward retirement to reach $1 million in savings by age 65.
  

  How to retire a millionaire By Jazmin Goodwin, CNN Business

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