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The Savings Goal to Reaching $1 million

How you need to save to reach $1 million, $2 million and $3 million for retirement

September 14, 2021 Victor Lei — Head of Research Personal Finance

How much do you need to save each month to get to a million dollars? CNBC crunched the numbers based on these assumptions: Starting with no savings. Investments earn 6% annually. Plan to retire at 67. That is: You’ll need to save $319 starting at the age of 20 to reach $1 million by the…

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