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Number of Years to Reach $1MM

Monthly Savings 2% 4% 6% 8% 10% 12% 14% 16%
$50 177 105 77 61 51 44 39 35
$100 144 88 66 53 44 39 34 31
$150 125 79 59 48 40 35 31 28
$200 112 72 54 44 38 33 29 26
$250 102 67 51 42 35 31 28 25
$300 94 62 48 39 34 30 26 24
$400 82 56 43 36 31 27 24 22
$500 73 51 40 33 29 25 23 21
$750 58 42 34 29 25 22 20 18
$1,000 49 37 30 25 22 20 18 17
$1,250 42 32 27 23 20 18 17 15
$1,500 37 29 24 21 19 17 16 14
$2,000 30 25 21 18 16 15 14 13
$2,500 26 21 18 16 15 13 12 12
$3,000 22 19 16 15 13 12 11 11
$4,000 17 15 14 12 11 10 10 9
$5,000 14 13 12 11 10 9 9 8

Albert Einstein's Rule 72 - How fast will your money double?
How many yrs? Divide 72 by the interest rate (must be less than 20%). 72/8% = 9 yrs
What interest rate? Divide 72 by the number of years . 72/12 yrs = 6% interest rate