How To Become A Millionaire
What does it take to become a millionaire? To most folks 1 million dollars is a lot of money and the thought of being a “millionaire” often seems unattainable.
Today I set out to determine just what it would take to reach 1 million dollars through a Tax Free Savings Account.
To conduct my analysis I pulled together a TFSA calculator in excel to compute total TFSA value over different investment timelines with different assumptions for annual contributions and annual rate of investment return. The table below summarizes my results.