If you're putting away $500 per month, you're on track to become a millionaire in 33 years. Bump those monthly contributions up to $1,000 per month and it will only take you 25 years to reach seven figures.
While experts recommend saving up $1 million by the time you retire, typically around age 67, you might be on track to hit that milestone at a much earlier age.
How close are you?
Check it out below. Keep in mind that the chart assumes you're starting with zero savings and earning a seven percent rate of return.