How Long Will It Take To Become A Millionaire?

**Tree0164** · 04-17-2004, 11:39 AM

Re: How Long Will It Take To Become A Millionaire?

Going to take me a long time. LOL

**2moretrees** · 04-17-2004, 04:42 PM

Re: How Long Will It Take To Become A Millionaire?

I bet it is going to take me even longer - LOL

**The Budget Man** · 07-07-2006, 04:34 AM

Re: How Long Will It Take To Become A Millionaire?

I was in Kazakhstan a few years after the fall of Communism. In just under a week the Rouble went from being 1100 Roubles to the $USD to 1400 Roubles to the dollar.

The traders in the markets had cardboard boxes full of money. A trip to the gas station cost over 1million roubles.

5 years earlier 1 rouble was equal to 1 dollar. In just that short time the money had become almost worthless. When the currency was revalued they simply said that all note of less than a certain value were made worthless. The box of currency the traders had became useless over night. Worst hit were the pensioners who lost all their savings.

It's not the amount of money that counts, it's the buying power of the money.

We often forget that as the cost of living rises, the cost of retirement also rises. I work on the idea that the interest I earn has to equal inflation or better so I'm not going backward.

Enjoy Your Money
The Budget Man

https://www.PersonalityBudgeting.com

A budget that works is a good budget!

**MarshallMiddle** · 07-10-2006, 02:03 AM

Re: How Long Will It Take To Become A Millionaire?

I am definately on track to save a million by retirement and reach my goal.

**Ima saver** · 07-10-2006, 08:18 AM

Re: How Long Will It Take To Become A Millionaire?

If i save $800 a month, I will be on track to have $1 million cash in 8 years!

**getforfree** · 07-10-2006, 03:17 PM

Re: How Long Will It Take To Become A Millionaire?

it would take me 67 years. I don't think I will still be alive at that time.

**markio26** · 08-01-2006, 06:40 AM

Re: How Long Will It Take To Become A Millionaire?

i redid the calculations again and added in iras, real estate owned, cash, 4% rate of return, just to be on the safe side... if i just add $150 a month to the stash.. it will be 13 yrs... but, we of course add more than this each month..... this calculator is too much fun.... thanks jeffrey....

How Long Will It Take To Become A Millionaire?