Interest rate needed to have $1,000,000 by the age of 65: ___________________________ (from worksheet #1)
You're probably thinking, “This interest rate is impossible to get with a certificate of deposit!” Well, you are absolutely right. So, there has to be another way to make $1,000,000. There is. They are called Mutual Funds!
Name of fund |
Average 10 year annual return |
Years to $1,000,000(using compound interest calculator) |