How Much Would You Need To Invest Over 20 Years Every Day To Make A Million Dollars?

 


To reach a million dollars in twenty years, you would need to invest an average of $25.63 per day with interest. This assumes that the rate of return is 5% annually and that the investment compounds daily. The formula for calculating how much you need to invest each day to reach a given amount over a certain period is A = P(1+r)^t/365, where: A = Amount invested daily P = Principal or original amount invested r = Annual rate of return (in decimal form) t= Number of days until goal date (20 years * 365 days/year) So, if we plug in our values into the equation: A=$25.63 P=1,000,000 r=0.05 (5% annual rate of return) t = 7300 days (20 years * 365 days/year) The result is that you would need to invest an average of $25.63 per day with interest for twenty years in order to reach a million dollars. It is important to note that this calculation does not take into account any taxes or fees associated with the investment, which could reduce your returns and make it harder to reach your goal. Additionally, if you plan on investing in stocks or other risky investments, there is no guarantee of a 5% return; therefore, you may need to invest more each day in order to reach your million dollar goal.

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