As a finance student,

Assume you put your money in an account who yield 10% compounded interest annually and you start saving it in your 20-an.

By putting in RM5229 every month for 12 month into that particular account for 10 years, you will be able to have Rm 1mil when you are at the age of 31.

So if you want to reach that target you have to earn more than RM5229 per month to cover your basic need( house, food, car and many more)

hope i am not wrong and good luck