74.3k views
0 votes
Save $1500 a month• How many months to be a millionaire?• How many years to be a millionaire?

User Shader
by
8.5k points

1 Answer

3 votes

So to be a millionaire you need $1,000,000.

If you save $1500 a month to calculate the months that it will take you simply divide the million by the amount saved each month:

1,000,000 / 1500 = 666.67= 667 (rounded)

It will take 667 months

To calculate the years, since 1 year has 12 months, simply divide the 667 months by the number of months in a year (12)

667/12= 55.58 = 56 (rounded)

56 years.

User Brgn
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories