How to accumulate 1 million?

Do you ever have the dream to become a millionaire or you aspired to retire rich as a millionaire? That's not a dream. It is certainly achievable through good financial planning. But, you have to start early. As early as possible and let the magic of compounding does its work.

Let's say you are not that investment savvy. You can still invest in a global diversified equity portfolio. If you are more adventurous, investing in Asia equity portfolio might do the job faster.

How does it work? First, you need some patience. Second, start investing now at fixed amount regularly. The following example illustrates that a person with initial amount of $2,000, investing $500 per month, for a period of 35 years at the rate of return 8%(common to equity portfolio) would be able to get 1 million dollars. If you start at the age of 30, you should be able to retire rich at 65 years old. If you are lucky enough and picked a good fund, you might be able to achieve that way ahead of time.