How Do I Save to Become a Millionaire?

Everybody wants to be a millionaire, but few have the savings discipline to get there. Your current savings, additional monthly savings and the rate of return you receive all go into saving to become a millionaire. But it may not stop there. If you want to have a million dollars’ worth of purchasing power, you have to factor in inflation into your savings plan. That means that, depending on the amount of time it takes you to save a million dollars, you might have to save even more in order to have a million dollars’ worth of purchasing power down the road.

Use this calculator to find out how you can save to become a millionaire.


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Article provided by Fintactix

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The calculations provided by this calculator are based entirely on the information you enter, including any savings rate or expected rate of return. These calculations do not reflect the terms available for any Regions savings or other deposit accounts. Find out more about Regions savings accounts.