Please go to

https://www.bankrate.com/calculators/savings/save-million-calculator.aspx

and check how much your money could grow if you enter the number of years. Play with several of the values like savings per month and expected rate of return and notice how the number of yours changes.

Answer the questions below.

a) What happens to the length of time it takes you to become a millionaire when you increase your savings per month?

b) What happens when you increase the expected rate of return?

c) What should you do if you want to become a millionaire sooner than the calculator indicates?

d) How does inflation impact your savings?