Collect $1-million seems to be the easiest way. So, when do you start and how much do you save? Kathleen Elkins:
If you start at age 25, for instance, you only have to save $15 a day to reach seven figures by age 67. That’s assuming a six percent average annual investment return. If your annual return is eight percent, you only have to set aside $8 a day.
The problem might be the 6-percent annual return. Still, $15 is $450 a month, but at 4-percent annual return it jumps to $764 a month.