Wealth Coaching | Become a Millionaire | Wealth Video
How to Become a Millionaire
| THE BARON SOLUTION™ uses long-term investing as one of the keys to create wealth. The table below illustrates how anyone can become a millionaire by the retirement age of 65 using an automatic investment plan.*
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Age |
Years
to
Retirement |
Annual Rate
of Return |
Monthly Investment
|
Investment
Goal |
6 |
59 |
9% |
$14.10 |
$1,000,000 |
7 |
58 |
9% |
$15.73 |
$1,000,000
|
8 |
57 |
9% |
$17.56 |
$1,000,000 |
9 |
56 |
9% |
$19.60 |
$1,000,000 |
10 |
55 |
9% |
$21.87 |
$1,000,000 |
11 |
54 |
9% |
$24.41 |
$1,000,000 |
12 |
53 |
9% |
$27.24 |
$1,000,000 |
13 |
52 |
9% |
$30.40 |
$1,000,000 |
14 |
51 |
9% |
$33.93 |
$1,000,000 |
15 |
50 |
9% |
$37.88 |
$1,000,000 |
16 |
49 |
9% |
$42.28 |
$1,000,000 |
17 |
48 |
9% |
$47.20 |
$1,000,000 |
18 |
47 |
9% |
$52.69 |
$1,000,000 |
19 |
46 |
9% |
$58.83 |
$1,000,000 |
20 |
45 |
9% |
$65.68
|
$1,000,000 |
21 |
44 |
9% |
$73.34 |
$1,000,000 |
22 |
43 |
9% |
$81.91 |
$1,000,000 |
23 |
42 |
9% |
$91.48 |
$1,000,000 |
24 |
41 |
9% |
$102.19 |
$1,000,000 |
25 |
40 |
9% |
$114.16 |
$1,000,000 |
26 |
39 |
9% |
$127.56 |
$1,000,000 |
27 |
38 |
9% |
$142.55 |
$1,000,000 |
28 |
37 |
9% |
$159.34 |
$1,000,000 |
29 |
36 |
9% |
$178.13 |
$1,000,000 |
30 |
35 |
9% |
$199.20 |
$1,000,000 |
31 |
34 |
9% |
$222.82 |
$1,000,000 |
32 |
33 |
9% |
$249.31 |
$1,000,000 |
33 |
32 |
9% |
$279.04 |
$1,000,000 |
34 |
31 |
9% |
$312.45 |
$1,000,000 |
35 |
30 |
9% |
$350.00 |
$1,000,000 |
36 |
29 |
9% |
$392.25 |
$1,000,000 |
37 |
28 |
9% |
$439.83 |
$1,000,000 |
38 |
27 |
9% |
$493.50
|
$1,000,000 |
39 |
26 |
9% |
$554.09 |
$1,000,000 |
40 |
25 |
9% |
$622.60 |
$1,000,000 |
41 |
24 |
9% |
$700.20 |
$1,000,000 |
42 |
23 |
9% |
$788.26 |
$1,000,000 |
43 |
22 |
9% |
$888.39 |
$1,000,000 |
44 |
21 |
9% |
$1,002.54 |
$1,000,000 |
45 |
20 |
9% |
$1,133.03 |
$1,000,000 |
46 |
19 |
9% |
$1,282.66 |
$1,000,000 |
47 |
18 |
9% |
$1,454.86 |
$1,000,000 |
48 |
17 |
9% |
$1,653.86 |
$1,000,000 |
49 |
16 |
9% |
$1,884.96 |
$1,000,000
|
50 |
15 |
9% |
$2,154.83 |
$1,000,000 |
51 |
14 |
9% |
$2,472.05 |
$1,000,000 |
52 |
13 |
9% |
$2,847.80 |
$1,000,000
|
53 |
12 |
9% |
$3,296.96 |
$1,000,000 |
54 |
11 |
9% |
$3,839.75 |
$1,000,000 |
55 |
10 |
9% |
$4,504.43 |
$1,000,000 |
56 |
9 |
9% |
$5,331.63 |
$1,000,000
|
57 |
8 |
9% |
$6,382.09 |
$1,000,000 |
58 |
7 |
9% |
$7,750.79 |
$1,000,000 |
59 |
6 |
9% |
$9,595.15 |
$1,000,000 |
60 |
5 |
9% |
$12,196.35 |
$1,000,000 |
61 |
4 |
9%
|
$16,110.96 |
$1,000,000 |
62 |
3 |
9% |
$22,617.47 |
$1,000,000 |
63 |
2 |
9% |
$35,448.88 |
$1,000,000 |
64 |
1 |
9% |
$72,121.25 |
$1,000,000 |
The Monthly Investment amount used in the table above is based on the approximate 9% historical annual rate of return of the Standard & Poor's 500 Index. This index is considered
by many to be the best measurement of U.S. stock market performance. The S&P 500 Index consists of 500 leading companies representing various industries across the U.S. economy.
*Disclaimer: Past performance is not necessarily indicative of future results. The table above is based upon information that we consider
to be reliable, but neither BaronSeries.com nor S&P warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Investing in stocks and mutual funds
involves risk of loss and may not be suitable for all investors. Vicky Therese Davis, William R. Patterson and D. Marques Patton are NOT Registered Representatives with the National
Association of Securities Dealers nor the Securities and Exchange Commission. In compliance with these regulatory bodies they make no recommendations, nor give any advice. All
materials and information accessed through this website are designed to educate and provide general information regarding the subject matter covered. They are offered with the
understanding that neither its authors nor the publisher are engaged in rendering legal, financial, medical, or other licensed professional services. Each situation is different and advice should
be tailored to particular circumstances. For this reason, the user is strongly encouraged to consult with his/her own advisor regarding that individual’s specific situation. The authors
and publisher specifically disclaim any implied warranties of merchantability or fitness for any particular purpose and shall in no event be liable for any loss or profit or other commercial
damage, including but not limited to special, incidental, consequential, or other damages incurred as a result of specific investments or planning decisions made by the user and/or
participant.
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