Based on your existing savings of $2,000 it appears that you will need to save $16,398 indexed at 0.0% annually in order to become a millionaire by age 65 .However, a million today will not be worth the same in 31 years. One million adjusted for inflation of 3.0% will be $2,500,080 in 31 years. You will need to save $41,159 annually (indexed at 0.0%) to reach that goal by age 65. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Annual Savings Growth' xAxisName='Age' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='34' /><category label='' /><category label='36' /><category label='' /><category label='38' /><category label='' /><category label='40' /><category label='' /><category label='42' /><category label='' /><category label='44' /><category label='' /><category label='46' /><category label='' /><category label='48' /><category label='' /><category label='50' /><category label='' /><category label='52' /><category label='' /><category label='54' /><category label='' /><category label='56' /><category label='' /><category label='58' /><category label='' /><category label='60' /><category label='' /><category label='62' /><category label='' /><category label='64' /></categories><dataset seriesName=''><set value='19116.0' /><set value='36899.0' /><set value='55376.0' /><set value='74574.0' /><set value='94520.0' /><set value='115244.0' /><set value='136777.0' /><set value='159149.0' /><set value='182394.0' /><set value='206545.0' /><set value='231638.0' /><set value='257710.0' /><set value='284799.0' /><set value='312944.0' /><set value='342186.0' /><set value='372570.0' /><set value='404138.0' /><set value='436937.0' /><set value='471015.0' /><set value='506423.0' /><set value='543211.0' /><set value='581434.0' /><set value='621148.0' /><set value='662411.0' /><set value='705283.0' /><set value='749827.0' /><set value='796108.0' /><set value='844194.0' /><set value='894156.0' /><set value='946066.0' /><set value='1000000.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Age</th><th scope="col">Beginning Balance</th><th scope="col">Savings @ 0.0%</th><th scope="col">Earnings</th><th scope="col">Taxes @ 22.0%</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">34</td><td>$2,000</td><td>$16,398</td><td>$920</td><td>$202</td><td>$19,116</td></tr><tr><td role="rowheader" scope="row">35</td><td>19,116</td><td>16,398</td><td>1,776</td><td>391</td><td>36,899</td></tr><tr><td role="rowheader" scope="row">36</td><td>36,899</td><td>16,398</td><td>2,665</td><td>586</td><td>55,376</td></tr><tr><td role="rowheader" scope="row">37</td><td>55,376</td><td>16,398</td><td>3,589</td><td>790</td><td>74,574</td></tr><tr><td role="rowheader" scope="row">38</td><td>74,574</td><td>16,398</td><td>4,549</td><td>1,001</td><td>94,520</td></tr><tr><td role="rowheader" scope="row">39</td><td>94,520</td><td>16,398</td><td>5,546</td><td>1,220</td><td>115,244</td></tr><tr><td role="rowheader" scope="row">40</td><td>115,244</td><td>16,398</td><td>6,582</td><td>1,448</td><td>136,777</td></tr><tr><td role="rowheader" scope="row">41</td><td>136,777</td><td>16,398</td><td>7,659</td><td>1,685</td><td>159,149</td></tr><tr><td role="rowheader" scope="row">42</td><td>159,149</td><td>16,398</td><td>8,777</td><td>1,931</td><td>182,394</td></tr><tr><td role="rowheader" scope="row">43</td><td>182,394</td><td>16,398</td><td>9,940</td><td>2,187</td><td>206,545</td></tr><tr><td role="rowheader" scope="row">44</td><td>206,545</td><td>16,398</td><td>11,147</td><td>2,452</td><td>231,638</td></tr><tr><td role="rowheader" scope="row">45</td><td>231,638</td><td>16,398</td><td>12,402</td><td>2,728</td><td>257,710</td></tr><tr><td role="rowheader" scope="row">46</td><td>257,710</td><td>16,398</td><td>13,705</td><td>3,015</td><td>284,799</td></tr><tr><td role="rowheader" scope="row">47</td><td>284,799</td><td>16,398</td><td>15,060</td><td>3,313</td><td>312,944</td></tr><tr><td role="rowheader" scope="row">48</td><td>312,944</td><td>16,398</td><td>16,467</td><td>3,623</td><td>342,186</td></tr><tr><td role="rowheader" scope="row">49</td><td>342,186</td><td>16,398</td><td>17,929</td><td>3,944</td><td>372,570</td></tr><tr><td role="rowheader" scope="row">50</td><td>372,570</td><td>16,398</td><td>19,448</td><td>4,279</td><td>404,138</td></tr><tr><td role="rowheader" scope="row">51</td><td>404,138</td><td>16,398</td><td>21,027</td><td>4,626</td><td>436,937</td></tr><tr><td role="rowheader" scope="row">52</td><td>436,937</td><td>16,398</td><td>22,667</td><td>4,987</td><td>471,015</td></tr><tr><td role="rowheader" scope="row">53</td><td>471,015</td><td>16,398</td><td>24,371</td><td>5,362</td><td>506,423</td></tr><tr><td role="rowheader" scope="row">54</td><td>506,423</td><td>16,398</td><td>26,141</td><td>5,751</td><td>543,211</td></tr><tr><td role="rowheader" scope="row">55</td><td>543,211</td><td>16,398</td><td>27,980</td><td>6,156</td><td>581,434</td></tr><tr><td role="rowheader" scope="row">56</td><td>581,434</td><td>16,398</td><td>29,892</td><td>6,576</td><td>621,148</td></tr><tr><td role="rowheader" scope="row">57</td><td>621,148</td><td>16,398</td><td>31,877</td><td>7,013</td><td>662,411</td></tr><tr><td role="rowheader" scope="row">58</td><td>662,411</td><td>16,398</td><td>33,940</td><td>7,467</td><td>705,283</td></tr><tr><td role="rowheader" scope="row">59</td><td>705,283</td><td>16,398</td><td>36,084</td><td>7,938</td><td>749,827</td></tr><tr><td role="rowheader" scope="row">60</td><td>749,827</td><td>16,398</td><td>38,311</td><td>8,428</td><td>796,108</td></tr><tr><td role="rowheader" scope="row">61</td><td>796,108</td><td>16,398</td><td>40,625</td><td>8,938</td><td>844,194</td></tr><tr><td role="rowheader" scope="row">62</td><td>844,194</td><td>16,398</td><td>43,030</td><td>9,467</td><td>894,156</td></tr><tr><td role="rowheader" scope="row">63</td><td>894,156</td><td>16,398</td><td>45,528</td><td>10,016</td><td>946,066</td></tr><tr><td role="rowheader" scope="row">64</td><td>946,066</td><td>16,398</td><td>48,123</td><td>10,587</td><td>1,000,000</td></tr></table>