NewsBite

$1m by 50: What you need to invest each month to get there

$1m by 50: What you need to invest each month to get there

Identifying the monthly sum needed to eventually reach seven figures offers a simple – but critical – lesson about investing.

Finder crunched the numbers on how much you need to invest a month to have $1 million by the age of 50. Michaela Pollock

Lucy DeanWealth reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

There’s a famous, unattributed investing quote that goes something like this: “The best time to invest was yesterday, the second-best time is today.”

This lesson has never been more important because, as a new report by comparison website Finder notes, Australians who aren’t lucky enough to inherit wealth are going to have to put their money to work in the sharemarket as property moves further out of reach.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Lucy Dean
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

Latest In Investing

Fetching latest articles

Original URL: https://www.afr.com/wealth/investing/1-million-by-50-what-you-need-to-invest-each-month-to-get-there-20241121-p5ksiy