Many people believe that the only way to get rich is to be born into a wealthy family or win the lottery. But do you always need money to make money?

We found it’s not quite true: there is a way to create a million-dollar account at age 65 without being very rich in the beginning.

To get rich, you must start investing; the sooner the better. According to financial advisor David Bach, “Getting rich is nothing more than a matter of committing yourself and following a systematic saving and investing plan. You don’t have to have money to make money, ”David wrote in his book Smart Couples Finish Rich. ”You just need to make the right decisions — and act on them.”

To demonstrate the possibility of creating wealth, Bach created a graph that shows how much money you need to save each day, month, or year to have $ 1 million in your bank account by the time you turn 65.

The chart assumes you are starting with zero dollars invested and also assumes a 12% annual return.

This Savings Plan Will Help You Become a Millionaire by Age 65

Although the numbers in the chart are not accurate (for simplicity, they do not take into account the impact of taxes), they do give you an idea of ​​how saving a few dollars a day can make a big difference over time, especially if you start out saving money at an early age.

So the next time you decide to spend a few dollars on knickknacks, remember this chart and consider redirecting that money to your savings.

Based on materials from Business InsiderDavid Bach