A millionaire will give me 10k

This is how you will become a millionaire in a good 30 years

by Nils Matthiesen

Independent, free, relaxed: who doesn't want to be wealthy? The dream of the first million doesn't have to be a castle in the air - if you have discipline

If you're smart, you'll start saving early and regularly. But how much money do you actually have to set aside each month to join the millionaires club at some point?

Become a millionaire? That takes patience

Even if it might initially seem unattainable to become a millionaire, this goal is not completely unrealistic. To do this, however, you have to lead a disciplined life, unless you have a huge income or inheritance. Virtues such as patience, commitment and perseverance are required. Investor legend Warren Buffet sums it up: “Building wealth is a marathon, not a sprint. Discipline is the most important part. "Here are two more basic rules for becoming a millionaire:

  • Start early: Building capital takes time, a lot of time. The earlier you invest, the more time you have to successfully build a fortune. If you invest for decades, you will have enough time to weather crises and take on upward phases. You also benefit from the magic of compound interest. These are profits that your original profits generate by themselves. The earlier you invest, the more you benefit from this effect. In short, it's never too early to invest in your future - but it can eventually be too late.
  • Dispense: Always the latest smartphone? A fancy car? Always traveling from club to club at the weekend? Then it becomes difficult to build a fortune.

How to make a million out of 600 euros

Let's say you position yourself broadly and invest in an ETF based on the MSCI World index. This is an international share index that tracks around 1,600 shares from 23 industrialized countries. In the last 48 years, this index has increased more than forty-fold and thus comes to an annual return of 8.3 percent (including dividends). After deducting costs, we calculate in simplified terms an increase of 8 percent per year.

Suppose you are 18 and want to be a millionaire by the age of 50. If we assume that the stock market continues to develop as before, then you would have to do it every month 595.11 euros invest in the ETF. Thanks to the 8 percent interest per year, 32 years later you have reached a million! Sure, almost 600 euros per month is not little and for many it is hardly manageable. A certain amount of start-up capital is an enormous advantage in achieving the goal. If your parents have already saved around 20,000 euros for you, a savings rate of 455.22 euros are enough, even with 50,000 euros of start-up capital 245.87 euros.


While it's not easy to become a millionaire by saving, it's not impossible either. Don't forget: Even if savings rates above 500 euros per month currently seem unrealistic. The older you get, the more you will probably earn.

Nils is a journalist, copywriter and one of the first digital natives. He has been dealing with the topics of pensions, investments and the stock market for over 20 years. Personally, he now relies more on fund savings plans than active stock picking.

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