Do you want to be a millionaire? Of course you do. And while for most people that seems like a fantasy, the reality is that if you start planning early enough, saving one million dollars is not impossible.

$1,000,000 is a big number, but if you break it up into smaller chunks, it gets more manageable. Someone able to save $400 each month over a period of 40 years, assuming an annual rate of return of 7%, will hit that goal. 40 years sounds like a long time, but most of us will work at least that long during our lives. The key is to start saving and investing our money as soon as possible.

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