A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Sunday, May 08, 2005

How Long Does it Take to Become a Millionaire - Part II

I put this chart together using Excel to illustrate how important rate of return is in reaching financial goals. The chart assumes you are investing $100 per month at different rates of return. I'm sorry for the poor quality of the chart. I don't post a lot of graphics and I'm afraid I'm not very good at it. If any of you have any tips, please comment.