How much do I need to invest monthly to get to $1 million?
At 8% average annual return: $850/month for 30 years gets you to $1.27M; $1,500/month for 20 years reaches $865K; $2,500/month for 15 years hits $830K. The earlier you start, the less monthly contribution is needed — time compounds far harder than amount.
More context
At 8% average annual return: $850/month for 30 years gets you to $1.27M; $1,500/month for 20 years reaches $865K; $2,500/month for 15 years hits $830K. The earlier you start, the less monthly contribution is needed — time compounds far harder than amount. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.