As a 25-year-old, I have set a goal of being a millionaire by the time I am 55. At the age of 25 I have invested $10,000 in the stock market and historically the stock market has returned somewhere in the neighborhood of 11%. How much am I going to have to add monthly (payments) to my investment in order to achieve my $1 million goal over 30 years (360 months)?

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To calculate the monthly payments you need to make to achieve your goal of 1 million in 30 years we ... View the full answer