Home > Science & Mathematics > Mathematics > Can I become a millionaire if I save over $10000 every year?

Can I become a millionaire if I save over $10000 every year?

I make over $26200 a year and I pay rent about $800 a month. I always save up to 835$ a month. Is it possible to save up to 1 million dollar? I'm 21 years old with $40000 save up.
  • Answers
  • Only if you invest, and succeed, at a business
    Jim Moor · 0 0
  • Invest it and you will
    Ronald 7 · 2 5
  • You're starting out well. As time goes by you'll probably make more and be able to save more. If you invest your money wisely, it's not impossible for it to grow to a million. Good luck.
    Judy · 1 1
  • That would take 100 years without interest. Investing that $40k and continuing to add over time will eventually get you to a million...which will mean far less by that time btw.
    Casey Y · 3 0