Want to be a Millionaire in 15 Years? Here's What You Need to Save Now
Despite mounting student loan, credit card, and other debt, millennials are optimistic about their financial future.
TD Ameritrade released a survey in June that found 53 percent of millennials believe they will become millionaires in their lifetime, with 23 percent expecting to reach $1 million by age 50. Nearly 20 percent believe they will get to that threshold by 40 years old, and 7 percent expect to be there by 30.
These expectations may sound lofty, but becoming a millionaire doesn’t have to be a far-fetched concept. With the power of saving and investing, you could even do it in the next 15 years, starting from scratch – if you commit to saving far more each month than the average American. What would that look like?
To do so from zero savings, you would need to put aside $4,075 per month at a 4 percent rate of return; it would take $3,500 per month at a 6 percent rate. At an 8 percent rate of return, you would need to save $2,945 per month to get to $1 million in 15 years.
Of course, it helps to have existing savings. If you had $10,000 in the bank, you could make it happen on $4,000 per month at a 4 percent rate of return, $3,375 per month at 6 percent, and $2,850 per month at 8 percent. With $20,000 in existing savings, it would take $3,930, $3,325, or $2,775 per month at a 4 percent, 6 percent, and 8 percent rate of return, respectively.
It’s never too late to begin saving and investing. JJ Kinahan, the chief strategist for TD Ameritrade, recommends new investors start by learning the numbers – finding out how much you can contribute per year in a 401(k) or Roth IRA, then determining how much you can contribute relative to your salary and monthly expenses. He also recommends that any windfalls (like bonuses or tax refunds) be set aside rather than used to splurge.
Neophyte investors can use micro-investing apps like Acorns to start, or, at the recommendation of no less authority than Warren Buffett, research low-cost index funds to get in the game. You can also get investment ideas for free from Artificial Intelligence on tickeron.com.
No market is without fluctuations, making it impossible to guarantee the rates of return calculated here. Markets may exceed expectations for a time, then dip – it is also likely that life throws an occasional curveball, necessitating an emergency dip into savings. Regardless of the variables, saving and investing earlier allows investments the longest possible time to compound and weather the ups and downs of life and markets. Setting aside any amount of money per month is a great habit, with tangible long-term benefits. And who knows – with the right set of circumstances, you could even become a millionaire in 15 years.
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Momentum Indicator for ACWI turns negative, indicating new downward trend
ACWI saw its Momentum Indicator move below the 0 level on March 03, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 72 similar instances where the indicator turned negative. In of the 72 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for ACWI turned negative on March 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
ACWI moved below its 50-day moving average on March 03, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ACWI crossed bearishly below the 50-day moving average on March 10, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACWI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where ACWI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACWI advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
ACWI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 349 cases where ACWI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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