Pocket a Million by 25 or 65

Reitenbach-Kissinger Success Institute

Are you on track to reach a million dollars by the time you’re 25, 35, 45, 55 or 65? 

At Age 35
You’ve Saved: 0$
To reach one million by age 65 you need to save $671 per month.
If You’ve Saved: $50,000
To reach one million by age 65 you need to save $304 per month.

Millionaire Calculator

How much would you need to save at those ages in order to get to that magical 7 figure number?

Earning and saving to reach the milestone of being a millionaire isn’t as unattainable as a lot of people think it is, in fact it’s a very achievable goal. 

Most people have the idea in their head that the only people who ever reach that goal are people who are born into wealth, win the lottery, or who have huge real estate empires or successful small businesses. 

But the fact is earning a big income doesn’t guarantee that you’ll have a high net worth, and just because you have an average income doesn’t mean you can’t become a millionaire someday.

Today I want to look at how earning and creating a net worth of a million dollars is possible for just about anybody, and how to go about achieving that goal.

If you are thinking about diversifying your income, you may be asking yourself, “How do I diversify my income to reach 7 figures?”  

It’s actually pretty straight forward, and many of us already have multiple income streams, we just don’t realize it.

The goal of creating multiple income streams to reach 7 figures should be to maximize your potential in each category available to you.  If you are just starting out, it really isn’t reasonable to expect you to generate tons of rental income. 

However, if you start maximizing your income generating potential through your primary salary, you will find yourself having excess income that you can reinvest to generate additional income streams, earn more money and reach your 7 figures goal.

Calculate When You’ll Be A Millionaire

To figure out when I might be able to become a millionaire I tracked down a millionaire calculator.  Millionaire Calculator It allows you to put in how much you’re currently saving, and how long that contribution might take to become a million dollars. Essentially you input your current assets, the amounts you save and a few other pieces of information, and it tells you the number of years it will take to get 7 figures in the bank. FinancialFreedom_blog (pardot.s3.amazonaws.com)

The average millionaire has 7 different income streams.


Here are the most common ones.

Income Stream [1]: Primary Salary

For most people, their primary salary is their main income stream.  In fact, I think everyone starts this way (if you didn’t, I’d love to hear your story!).  The goal is to maximize your primary salary to a point where you are generating enough free cash flow to reinvest in secondary income streams.

How do you do this?  

Well, try to get the highest paying job you can!  Ask for a raise!  Utilize services, such as Glassdoor.com, to see how your salary competes with others in your same job.  Some companies really force employees to leave to get a raise, and then come back for another raise.   This industry jumping promotional strategy is very common and could work.

There is another theory for your primary salary – generate enough to have a little excess cash flow but do it at a place that you can work stress free and have time to dabble in other projects. 

A good friend of mine has this setup – he works the 30/40 plan and makes $50,000+ a year.  This allows him to easily cover all of his expenses, but the shorter hours and flexibility in his job allows him to pursue his secondary income generating ideas!

Either way, the great thing about your primary salary is that you can usually get benefits, such as health insurance, that really protect you while you are pursuing your other ideas!

We recommend before you try to make your gig business or other activity your primary source of income keep your day job until you are making at least 150% of your job income

Income Stream [2]: Secondary Salary/Spouse’s Salary

No matter what venture you undertake in life, you need a team.  We are firm believers in teamwork, even if it is just to bounce ideas off of, or to have someone tell you that you are off track.  

For many individuals, this person is their spouse, who also brings some income diversity to the table.  Just like we mentioned above, if your spouse has income, try to maximize it.

We would throw in some caution here: if your spouse works at the same company, or in the same industry as you, you are not diversified, and should something happen, you could be in a world of hurt. 

Companies do go out of business; companies do lay employees off.  There is nothing wrong with working together but realize that you are not diversified, and you should be trying to maximize other income streams as a result.

Income Stream [3]: Savings

How much do you have to save? A question that a lot of folks consider is just how much you’ll need to save in order to have a million dollars by the time you retire at 65.  

Based on an article at Kiplinger.com in order to reach that goal, assuming an 8% return over the years, and with zero dollars currently saved – at these ages you would have to save this much to reach a million by 65.

  • Age 25:  You need to save $286 per month to reach 1 million by age 65
  • Age 35:  You need to save $671 per month to reach 1 million by age 65
  • Age 45:  You need to save $1,698 per month to reach 1 million by age 65
  • Age 55:  You need to save $5,466 per month to reach 1 million by age 65

How Much Do You Need To Save At Each Age To Reach 1 Million?

So how much do you need to save at each age if you’re starting from zero if you want to reach 1 million dollars by the time you’re retirement age?

At Age 25
You’ve Saved: $0
To reach one million by age 65 you need to save $286 per month.

  • Contribute enough to your company 401(k) plan to capture your employer match.
  • keep 100% of you account in stocks.
  • Pay down credit cards and other high-interest debt.
  • Set up an emergency fund in a high yield online account.

At Age 35
You’ve Saved: 0$
To reach one million by age 65 you need to save $671 per month.
If You’ve Saved: $50,000
To reach one million by age 65 you need to save $304 per month.

  • Aim to save 15% of your gross income
  • Shift your assets to 90% stocks and 10% bonds.
  • Invest in a 529 college-savings plan

At age 45
You’ve Saved: 0$
To reach one million by age 65 you need to save $1,698 per month.
If You’ve Saved: $50,000
To reach one million by age 65 you need to save $1298 per month.
If You’ve Saved: $100,000
To reach one million by age 65 you need to save $861 per month.

  • contribute up to $15,500 to a 401(k)
  • 80% stocks and 20% bonds.
  • Don’t put your kids’ college costs ahead of retirement.

At Age 55
You’ve Saved: 0$
To reach one million by age 65 you need to save $5,466 per month.
If You’ve Saved: $50,000
To reach one million by age 65 you need to save $4,859 per month.
If You’ve Saved: $100,000
To reach one million by age 65 you need to save $4,253 per month.
If You’ve Saved: $200,000
To reach one million by age 65 you need to save $3,040 per month.

  • Add an extra $5,000 in catch-up contributions to your 401(k)
  • 70% stocks and 30% bonds
  • If you’re coming up short, consider working a few more years

As you can see, the earlier you start, the better off you’ll be due to the powers of compound interest.  

Income Stream[4]: Online Business

Getting rich, attending a certain lifestyle that comes with the amassing of wealth, is everyone’s dream. Some try to amass wealth on their own, by getting a good job, investing in financial and real estate assets, and by pursuing their own business.

Others try to amass wealth collectively, by joining franchise organizations and multilevel marketing networks. While the second way to the riches is faster and less risky than the first, it isn’t for everyone. Joining a franchise organization usually requires a considerable upfront investment and monthly fixed expenses very few people can afford.

Joining a multilevel network requires the mastery of relations to recruit and retain the right people, which very few posses. And the commitment of time to train and monitor the members in their downline, and build and manage a business. That’s why very few people get rich in multilevel marketing networks, with the majority ending up being customers rather than business owners. Only those who are highly committed to this business model and stay around make it to the top and get rich. 

One of the best ways to earn online income is by setting up an e-commerce store. Here’s the plus side: if you try to go the route of network marketing or affiliate marketing, the best affiliate marketers are focused on 3 main niches; Health, weight loss, nutrition, beauty and consumer products.

If you could find a way to make money with a website or some other online venture, you could quit your job to focus on entrepreneurship, spend more time with your family, and finally take back control of your time and your life. The crazy thing is, earning money online isn’t a pipe dream.

In the United States, roughly 10 percent of all sales occur online, and that figure is expected to rise exponentially in the coming years. It’s not just big-name selling platforms that are making a profit. Smaller eCommerce sites are raking in cash, too. 

There are 9 Steps to Start a Traditional Online Business you should consider: 1. Find a niche. 2. Evaluate market viability. 3. Conduct market research. 4. Conduct competitive analysis. 5. Learn online business laws. 6. Analyze your target market. 7. Source your product. 8. Build your store. 9. Become productive.

To successfully start a Network Marketing Business requires you become educated about your network marketing business. Be prepared. Be wary of income claims of 10,000 or more a month in only 3 months. Complete the Core Business Building Steps. Don’t procrastinate. Sign up with your desired program. Get moving. Stay plugged into the proven network marketing business or systems.  You would have to compete with the best of the best, and it’s not easy.

Income Stream [5]: Investments

After employment, we think that most individuals gain income diversification through investing.  It is important to look at why we invest: because at some point, we plan on using this money for something. 

For most, it is saving for retirement, and the investing is done through vehicles, such as a 401(k) or IRA.  But investing is not just about stashing money away for a rainy day – that is what an emergency fund is for.  Investing is about having enough capital to generate income.

Investing generates income through dividends, interest, and return of capital.  You really want to maximize the first two and stay away from the return of capital as much as possible.

Think about it.  If you are saving for retirement, you are trying to save enough in investing to generate enough income to replace your primary salary. 

Let’s take my friend’s example above: $50,000 a year.  To generate $50,000, you would need to have almost $1,700,000 saved, and be able to generate a 3% cash flow on that money (which is reasonable if invested in dividend paying stocks).

You could also draw down on your principal if needed, but this is a return of your invested capital, and if you continue this for a long period of time, you run

Income Stream [6]: Rental Property

Purchasing a rental property is another common way that individual generate an income stream.  It is very similar to investing, in that you take a sum of money to purchase the property, and the property returns a cash flow – rent.  You do have expenses related to this that are different from investing, such as a mortgage, utilities, property taxes, etc., which all must be taken into consideration when calculating a return on rental property.

Rental property does have tax advantages that investing doesn’t have, but I will touch on that at a later time.

The problem with rental property is that initial capital outlay required to get started.  Most people starting to diversify their income streams don’t have a 20% down payment to purchase an income property.  That is why this is usually something that is done later in life, almost like an advance multiple income stream topic.

However, there are ways to do this earlier, such as getting started with real estate crowdfunding. With real estate crowdfunding, you can become a limited owner in real estate for a smaller amount of money. It’s a great way to get started investing in real estate.

We recommend the following: 

You can start investing in real estate for as little as $5,000 at platforms like RealtyMogul. They have different multi-family and commercial properties that you can invest in.

Another similar platform is FundRise. They only have a $500 minimum to get started and offer a variety of options we love as well! FundRise has really been a great performing passive income investment over the last year! You can read our full FundRise review here.

If you have a little more to get started, check out Roofstock. With Roofstock, you can purchase single-family turnkey investment properties directly online!

Finally, you could consider investing in US farmland. FarmTogether is a company that allows you to have ownership of farmland and collect rents, as well as appreciation. 

Income Stream [7]: Hobby Business

The final most common stream of income is creating a side business.  This business could be online or offline, and we call it a “hobby business” because it usually takes a form that relates to the owner’s hobby.

For example, if you are tech savvy or enjoy working online, you may sell of eBay, or create a website (like I did), or promote your services through a site like Fiverr.

If you work offline, you could do Partylite Candles, make-up like Avon, or various clothing and jewelry lines.

Don’t Know How to Create your Income Streams?

Complete the 5 Assignments!


Write out a script of your life’s DEFINITE MAJOR MULTPLE STREAMS OF INCOME PURPOSE in each area from the “MSI Wheel”, in present tense, 6 months from today, with all the details of exactly how your life looks and feels knowing your Definite Major MSI Purpose.

Post a picture of the homework in the group and tag your success advisor.

Once you’re done, email a picture into the MKS Master Key System Coaching group and tag your success advisor and let them know how this experience was. Be a part of an engaged community of tens of thousands of like-minded individuals. Chat with your Success Advisor. Email: mjkkissinger@yahoo.com 100% Secure. We Never Share Your Email.


Write out what you want. Write your MAJOR DEFINITE MSI MAJOR PURPOSE goal in the present tense, starting with “I am so happy grateful now that …” Then, repeat it to yourself while looking at yourself in the mirror for 5 minutes. Listen to this (1) Calm Guided Meditation to Gain Abundance, Love & Happiness | Bob Proctor – YouTube Once you’re done, email a picture of your written goals into the MKS Master Key System Coaching group and tag your success advisor. Let them know how this experience was. Be a part of an engaged community of tens of thousands of like-minded individuals. Chat with your Success Advisor Email: mjkkissinger@yahoo.com 100% Secure. We Never Share Your Email.


Write out the habits that are not serving you in all areas of your Multiple Streams of Income Cration and burn them safely. Then take a picture of your burning ceremony.  Once you’re done, email a picture into the MKS Master Key System Coachng group and tag your success advisor and let them know how this experience was.

Be a part of an engaged community of tens of thousands of like-minded individuals. Chat with your Success Advisor Email: mjkkissinger@yahoo.com 100% Secure. We Never Share Your Email.


Make a decision to create Multiple Streams of Income and take action on one decision today that you have been procrastinating on that will help you get to your DEFINITE MAJOR MSI PURPOSE goal.  

Read the Decision Article 3 times and post your takeaways with your MKS Master Key Coaching Coach. DECISION ARTICLE PDF: https://bit.ly/Decision-BobProctor Act on one decision today that you have been procrastinating on that will help you reach your goal. Share it with your MKS Master Key Coaching Coach. Chat with your Success Advisor. Email: mjkkissinger@yahoo.com  100% Secure. We Never Share Your Email.

Once you’re done, email a picture into the MKS Master Key System Coaching group and tag your success advisor and let them know what your decision was and how this experience helped you.

How can the [MKS] Master Key System Coaching community provide more support to you?

What’s holding you back from creating the MSIs?

What topics do you want to learn more about?

Be a part of an engaged community of tens of thousands of like-minded individuals.


[1]: Listen to the Magic Word audio by Earl Nightingale [(4) The Magic Word By Earl Nightingale ( Lead The Field Lesson 1 ) – YouTube and then post your biggest takeaways in the MKS Group and tag your success advisor.

[2]: Make a decision and take action on one MSI decision today that you have been procrastinating on that will help you get to your goal.   Write a description of the person you intend to become when you have completed creating your MSIs. How you want others to see you. Remember: “I am not who I think I am. I am not who you think I am. But I am who I think you think I am.” 

[3]: Use the “From What, to What, by When, Why” criteria to write MSI goal statements. This is recommended to ensure you have specifics from which to create an action plan. This criterion indicates the desired future state you want to achieve.

[4]: Once you’re done, email a picture into the MKS group and tag your success advisor and let them know what your decision was and how this experience helped you. Be a part of an engaged community of tens of thousands of like-minded individuals. Chat with your Success Advisor. Email: mjkkissinger@yahoo.com  100% Secure. We Never Share Your Email.

Reconsider the 10 Best Ways to Make $1 Million
  • Start a Business
  • Save Early and Often
  • Let Your Boss Help
  • Don’t Overspend
  • Own a Home
  • Buy When Stocks Are Cheap
  • Look for Stocks on Steroids
  • Earn Income on the Side
  • Capitalize on a Windfall
  • Protect Your Wealth


Action Step [1]: Become a Millionaire with Baby Steps

So now we have a rough idea of just how much money you’ll need to be putting away for retirement if you want to reach a 1-million-dollar goal.   So, the question is, how do you get there?  If you’re not one of the fortunate or highly skilled that are already making huge incomes, here is a strategy for saving up a nice retirement nest egg.

Action Step [2]: Make Enough Income

The more money you make, the quicker you’ll be able to reach that 1-million-dollar goal, but you can retire wealthy on an average income. 

But obviously the more you make, the quicker you’ll reach the goal.  How much income you can make may also depend on if you’re single, dual income with no kids – or a couple with kids.  Obviously having dual incomes will help quite a bit (as long as one income doesn’t all go to childcare).

If you aren’t even making an average income (in the range of $45-55,000), then you may want to think about trying to better your situation by making proactive decisions to find a better job, continue your education or move into a new career field. 

Changing your income and career path may not happen overnight, but in some cases, it may be the only way to improve your chances of making more income.

You could also consider taking on a side job.  There are a lot of ways to make money in your spare time, in fact starting a business in your free time is a good way to improve your situation and potentially create a lucrative small business for yourself.

Action Step [3]: Live On Less Than Your Means Will Allow

We’ve all heard of people who make huge incomes, but then also have expensive tastes and end up spending more money than they’ve made and going into bankruptcy.  The problem is if you have caviar tastes, it’s always possible to outspend your ability to earn.

In his book “Stop Acting Rich “, Thomas J. Stanley talks about how far too often we settle for a life where wealth is only an illusion, and we kill our ability to create real wealth.

Ours is a culture of hyper consumerism. Not only can and do we buy nearly anything (except for the truly outrageously expensive), but we seem to have come to believe that we can and should have it all and that who we are is dependent on the ability to live in the right neighborhoods, with appropriately sized homes filled with brand-name appliances, with prestige cars parked in the driveway with expensive golf bags and clubs in the trunk and so on.

And so, we spend.

You can act rich or actually become rich.  Few of us will ever be able to do both, and we certainly won’t bet rich by acting the part before we have the financial resources with which to pay for la dolce vita.

Stanley goes on to discuss how the truly rich people that he has interviewed are actually very aware of living below their means, and of not overspending.  They appreciate value in the things they buy and aren’t afraid to spend a bit more if it will last longer.  But in the end, they spend well below their means.

Action Step [4]: Save And Invest Your Money Regularly

While this may seem to be obvious, far too many people don’t save or invest any money on a regular basis.  Too many people live on the edge from paycheck to paycheck, spending until the balance in their account says “zero”, never planning to save and invest their money as a part of their budget.

It’s important to set up a financial plan and a budget in which you’re paying yourself first, putting aside at least 10-15% of your income every month towards your retirement savings – more if you can afford it.

I’m a big proponent of making that savings and investment as automatic as you can, so that it gets to the point where you don’t even notice it every month and your retirement savings slowly grow without too much intervention from you. At our house I have 401k and Roth 401k funds deducted from my paycheck before I even see it every two weeks.  That way I never miss the money – it just goes into the retirement account.  Then we also have automatic savings goals setup with ING where money is automatically deducted at the beginning of the month and transferred to our online savings account.

Once you’ve setup and are saving money regularly in retirement and savings accounts, make sure that you’re getting the best possible return on your money by educating yourself about stocks and bonds, diversifying your holdings and making sure your investments have as low expenses as you can, while still making good returns.  If you’re not a savvy investor, consider getting some professional help.

ACTION STEP [5]: Understand Personal and Business Taxes

As briefly mentioned in the 401(k) section, something that wealthy people do is understand their taxes.

With taxes being one of our biggest expenses in life it’s important to know the tax laws, deductions, exclusions, etc. Many times you can save hundreds of thousands of dollars in your lifetime knowing simple tax laws like when you need to pay capital gains tax after selling your home.

It’s important to note that we do not mean tax evasion. There are legal ways that you can pay less tax and it is beneficial for you to use these instead of paying more taxes than you need to be.

We always recommend using a tax professional to maximize your tax refunds and deductions.

Action Step [6]: Develop Habits of Millionaires

The behaviors, habits and attitudes you’ll need to have in order to become a high net worth individual.

[1]: Live below your means: High net worth individuals are often very frugal, and while they make a decent income, they aren’t that likely to splurge and spend like it.  They drive an older car, live in a median priced house, and don’t spend money on a lot of luxuries.  They may make a large income, but they don’t live like it.

[2]: Spend time in ways that promotes building wealth:  People who build wealth faster than others tend to spend more of their time in ways that help them to further their savings and investing goals. 

They plan ahead, budget, set goals for the future.    Those who were greater accumulators of wealth than other high-income folks spent almost twice as much time planning and working towards those goals every month.

[3]: Keeping up with the Joneses should not a concern:  People with a high net worth tend not to care about displaying societal signals of affluence, wealth, or success.  Having an expensive house, a new car or shopping on Rodeo Drive are not things they care to do.  They would rather work towards attaining financial independence and attaining their goals.

[4]: Don’t live a subsidized lifestyle:  People who attain a high net worth are usually self-made individuals who got what they have by working hard and making their own way. They didn’t receive a lot of financial or other help from their parents, and as such have, they know they’ll have to work hard to get what they want.   People who have been given much of what they have tend not to be as motivated.

[5]: Make sure your children are economically self-sufficient:  The children of high-net-worth individuals have been taught how to live a frugal lifestyle, how to accumulate wealth, and often have been taught how to succeed on their own without help from their parents. Because they don’t receive EOC, and in general are self-sufficient, it allows their parents to accumulate more and be better off later on.

[6]: You need to take advantage of opportunities when you see them:  High net worth individuals are good at seeing opportunities, calculating the risks, and taking a leap of faith when they see a good opportunity.  They overcome fears of failure, and don’t let failure stop them, but use it to learn.

[7]: Choose the right occupation:  If you want to have a high net worth it helps to be doing something you enjoy.  High net worth individuals usually enjoy what they’re doing, and as a result they work hard at their chosen career.

[8]: Be able to focus:  High net worth individuals are able to focus on a goal and make it a success.  Others tend to focus on many things, not putting enough attention on any one thing to make it a success.

So, to become a millionaire you need to be a focused individual who sets goals, takes advantage of opportunities, not rely on the aid of others and live a frugal and decidedly less consumeristic lifestyle.  So, are you ready to emulate those millionaire behaviors?

Action Step [7]: Repeat

Once you’ve got a good plan in place, the most important part is to stick with the plan and keep at it for the long haul.  It isn’t rocket science to save a nice nest egg, but it will take determination and hard work over a long period of time.    Again, the basic steps to creating a million-dollar nest egg are:

  • Create income
  • Spend lower than your means
  • Save and invest regularly
  • Develop millionaire habits
  • Repeat

While these steps are of course simplified, and there may be other roadblocks in your path, it really is important to focus on the basic principles sometimes because they can often get lost in the shuffle.

Other things you’ll want to consider making sure that you don’t short circuit your progress is to have good insurance, save up a good-sized emergency fund and always keep an eye on your goals. Of course, never forget to always be generous as well, and never allow a pursuit of wealth or money to become the end goal. Make sure you have goals for wealth building, goals that will leave you happy, not just wanting more.

Conclusion on Creating Multiple Income Streams

The point is that you can diversify your income in various ways.  You can basically choose one of each from the categories above and create a very diversified income portfolio to create muntiple streams of income.

The other point is that it is pretty easy to get started.  You don’t need to be super rich, and you don’t need a lot of time to get started. 

To say it requires no time would be a lie, but you don’t need to make anything listed above your life.  You can work at your job, invest your excess income, save to buy a rental property, or rent out a room in your current house, and you start a side job online without breaking a sweat.

The reward from these activities will be financial freedom! If you want to make a million dollars a reality and need helpcontact us.

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Sydney Reitenbach

Michael Kissinger

Phone: 650-515-7545

Email: mjkkissinger@mjkkissinger

Disclaimer Our vision is to help you bring your biggest dream into reality. As stipulated by law, we cannot and do not make any guarantees about your ability to get results or earn any money with our ideas, information, tools, or strategies. Your results are completely up to you, your level of awareness, expertise, the action you take and the service you provide to others. Any testimonials, financial numbers mentioned in emails or referenced on any of our web pages should not be considered exact, actual or as a promise of potential earnings – all numbers are illustrative only, as I am sure you understand. That being said, we believe in you and we are here to support you in making the changes you want for your life and giving you methods, strategies, and ideas that will help move you in the direction of your dream.

DISCLAIMER: At the end of the training, we will be making an offer for people who want to take their study of the information shared to the next level and work more closely with us and our team on developing themselves. This is completely optional. The webinars lasts just under 90 minutes and if you don’t wish to partake in the offers, you can leave without any further commitments. We will be holding nothing back and you can take what you learn and implement on your own right away.

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