Below you will find how to accumulate $1 million by age 65, at any age.
Assumptions:
All investments will earn 8% annual return.
AT AGE 25
$0 Saved - You will need to save $286 per month.
AT AGE 35
$0 Saved - You will need to save $671 per month.
$50,000 Saved - You will need to save $304 per month.
AT AGE 45
$0 Saved - You will need to save $1,698 per month.
$50,000 Saved - You will need to save $1,298 per month.
$100,000 Saved - You will need to save $861 per month.
AT AGE 55
$0 Saved - You will need to save $5,466 per month.
$50,000 Saved - You will need to save $4,859 per month.
$100,000 Saved - You will need to save $4,253 per month.
$200,000 Saved - You will need to save $3,040 per month.
I hope this helps you plan!