I thought this info was both useful and enlightening. I found this information in a issue of Kiplinger magazine that was sitting on my desk.

It talks about what you need to do to save $1Million dollars at different ages. I think they assume you already have money in savings on which you're earning 8% annually.

Check it out...


How to Make a Million at 25
You've Saved: $0 To reach one million by age 65 you need to save $286 per month.

How to Make a Million at 35
You've Saved: 0$ To reach one million by age 65 you need to save $671 per month.
If You've Saved: $50,000 To reach one million by age 65 you need to save $304 per month.

How to Make a Million at 45
You've Saved: 0$ To reach one million by age 65 you need to save $1,698 per month.
If You've Saved: $50,000 To reach one million by age 65 you need to save $1298 per month.
If You've Saved: $100,000 To reach one million by age 65 you need to save $861 per month.

How to Make a Million at 55
You've Saved: 0$ To reach one million by age 65 you need to save $5,466 per month.
If You've Saved: $50,000 To reach one million by age 65 you need to save $4,859 per month.
If You've Saved: $100,000 To reach one million by age 65 you need to save $4,253 per month.
If You've Saved: $200,000 To reach one million by age 65 you need to save $3,040 per month.
---

I thought this was good stuff! You can see the article online at:
http://kiplinger.com/magazine/archives/2008/02/how-to-save-a-million.html