Hook

If you want to have $5 million by age 50, here is what you have to invest each month. If you start at 45, you're cooked. You'd have to invest $61,000 per month to reach $5 million by age 50. At age 40, you'd have to invest $21,735. And then starting at age 30, you'd have to invest $5,054 per month. Now this is where it gets good. Starting at age 20, you'd only have to invest $1,431 per month to reach $5 million by age 50. And finally, if you start investing the day that you turn 18, you'd only have to invest $1,120 per month to reach $5 million by age 50. Obviously, as you can see, the greatest asset that you have is your time, which is why it's so important to start investing when you're young and don't waste your younger years.
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