You want to retire comfortably. Hence, you want to have 1 million dollar by the time you retire in 10 years. Assume interest rate is 8% annually How much money do you need in your saving account today in order to have $1M in 10 year? You want to have S5.000 at year end every year for 10 years. Interest rate is 10% annually. How much do you need in your saving account today