In One Chart: Got millionaire envy? This chart can help

By saving just $750 a month, you, too, could find yourself among the millionaire elite by the time 2042 rolls around, according to a recent post from finance blogger Lyn Alden. Of course, you’ll need to register the kind of double-digit annual returns typically reserved for some of Wall Street’s top dogs to make that happen.

So let’s shoot for some more realistic performance numbers; say, in the 5%-ish range. Now, you’re looking at putting away ballpark $2,750 a month — clearly, that’s a lofty goal for most Americans.

To get a sense of what it would take to reach the seven-digit plateau within 25 years and whether it’s even a possibility for you, Alden crunched various monthly savings targets and expected rates of return.

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