Becoming a millionaire isn't the challenge it once was. In fact, you can do it in a decade, according to Suze Orman. (via CNBCMakeIt)
, CNBC Make It found how much you'd have to save each month to become a millionaire by 2028.
Assuming that you're starting with no savings and earning a six percent annual rate of return, you'd have to invest $6,000 a month to become a millionaire by July 2028. If you already have $10,000 saved up, it won't make much difference. You'll still need to put away $6,000 a month, but you'll reach millionaire status by May of that year.
Even a full $50,000 in savings doesn't change things too much: You'd still have to put away $5,500 per month until June 2028 to become a millionaire.
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