When Will I Become a Millionaire?
This calculator will estimate the number of years it takes to save up one million dollars.
Current age
Current savings (maximum value $1,000,000)
Annual savings (maximum value $100,000)
Rate of return (maximum value %)
Inflation rate (maximum value %)
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40
|
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100,000
Input Error: Current savings
Enter a value between $0 and $1,000,000. |
|
10,000
Input Error: Annual savings
Enter a value between $0 and $100,000. |
|
6.00%
Input Error: Rate of return
Enter a value between 0% and %. |
|
2.00%
Input Error: Inflation rate
Enter a value between 0% and %. |
You will become a millionaire in 24 years at age 64.
Assumptions
Annual savings are made at the start of the year. All savings are on a tax-deferred basis. Calculations are made up to a maximum of 75 years.
Disclaimer
Annual savings are made at the start of the year. All savings are on a tax-deferred basis. Calculations are made up to a maximum of 75 years.
Disclaimer
