Originally Posted by

**GreatLaker**
Just running some hypothetical numbers thorough Excel's Payment function (PMT)

i=5%

n=9

PV=-190,000

FV=1,000,000

Result PMT = -63,958

So at 5% rate of return, you would need to save $64,000 per year to have $1M in 9 years. Have you considered your risk tolerance in selecting an asset allocation that is 50% cash and fixed income? Depending on how much of that is cash even the 5% rate of return I used may be high.

If you go to the General Personal Finance forum on this site there is a thread called Online Calculators where you will find investment calculators that can help you determine future value for various savings rates and rates of return.