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You earn $3,777 income per month. You live frugally and save 16 percent of your income each month and invest it in the S&P 500,
You earn $3,777 income per month. You live frugally and save 16 percent of your income each month and invest it in the S&P 500, which earns 9.76% per year. How many years will it take you to save up a million dollars?
Answer should be formatted as the number of years expressed as a decimal with 2 decimal places (e.g. 99.99).
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