Building wealth takes time and an effective strategy. Having both short- and long-term goals makes it much easier to increase your savings and succeed. Read More: How To Start Investing With Less Than $1,000 Find Out: 6 Big Shakeups Coming to Social Security in 2025 One good savings goal would be to save $500,000 over the course of 20 years. To do this, you’ll need to know how much to put away each month. How To Save $500k in 20 Years To determine how much you’ll need to invest each month to reach $500, ...