How much should I invest per month to reach $1,000,000?

This is a classic compounding goal. The monthly number depends mostly on your timeline and your return assumptions.

Start with a realistic range

Instead of one answer, test 3 scenarios: conservative, mid, and optimistic. The “right” number is usually a range.

Then decide what’s feasible for your budget and risk tolerance.

$1,000,000 may or may not be enough depending on your spending. Use Retirement to estimate what portfolio size matches your desired income.

Is $1,000,000 always enough?

Not necessarily. It depends on how much income you need and for how long. Try the Retirement calculator.

What timeline should I use?

Pick a target age (e.g. 60, 65, 70). Longer timelines usually reduce the required monthly amount.

Should I include an initial balance?

Yes, if you already have savings/investments. Even a small starting balance helps.

Does the result guarantee anything?

No. It’s an educational model that uses your return assumption as an average rate.

What’s the best next step?

Pick a conservative plan you can actually stick with, then increase contributions gradually over time.