Your First Million Is the Toughest

Here are a few charts that showcase how many years it takes to reach each $1 million threshold given that you regularly invest and earn a decent rate of return.
To go from $0 to $1 million:

Monthly
Contribution
8% Return
9% Return
10% Return
11% Return

$100
52.9 years
48.3 years
44.5 years
41.4 years

$250
41.6
38.3
35.5
33.1

$500
33.4
30.9
28.8
27.0

$1,000
25.5
23.9
22.4
21.2

$1,291.66
22.8
21.4
20.2
19

To go from $1 million to $2 million:

Monthly
Contribution
8% Return
9% Return
10% Return
11% Return

$100
8.6 [...]

How much interest do you earn on one million dollars?

A lot of people end up at my site after searching on the question “How much interest do you earn on one million dollars?”
So, I’ve decided to give them a proper answer: How much interest do you earn on a million dollars? The answer is, of course, it depends.
It depends on several factors including: What [...]

The Most Powerful Force in the Universe

What did Albert Einstein, well known for being smarter than the average cat, claim to be the most powerful force in the universe? … Compound interest!
Compound Interest has also been called the eighth wonder of the world and the greatest mathematical discovery of all time.
Fortunately for the rest of us, you don’t have to be [...]