You would have to save $100,000 a year for you to get $1,000,000 in ten years.
5 million dollars
it takes 55544000.3333 years
Approximately 13 million dollars
100 million
If you save $100,000 each year, at the end of ten years you will have saved a million dollars.This is complicated a bit by the fact that you can save it in an interest-bearing account, meaning that you can actually get by with a little less and still come up with a million after ten years. How much less depends on the interest rate.
Wind turbines save about 28.5 million dollars per year accumulatively for residences currently using them.
Considering a millionaire is someone who has a million or more pounds/dollars/yen/euro/whatever your currency is - the answer is a million or more.
I assume you mean US dollars. The simple answer is that a kid doesn't usually get that much money. It takes years of work to save that much money.
yes just save money
There are many ways to earn a million dollars. You could invest money monthly in an interest bearing account and wait for it to accumulate to a million dollars. This will probably take up to 50 years depending on your monthly investment. You could win the lottery which is very unlikely. Most of the time people who earn a million dollars work very hard and are go-getters who innovate and are motivated. They don't spend their money, they save it and they invest it intelligently. Unfortunately there is no tried and true formula for earning a million dollars or we would all have a million dollars or more!
It will take 1,000,000 divided by the average amount that you can save each day!
Ten Thousand Dollars.