Millionaire Calculator
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Millionaire Calculator helps you determine what you need to save to become a millionaire.

 

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Millionaire Calculator

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Cool Millionaire Calculator 

What will it take for you to save One Million Dollars? This Millionaire Calculator helps you find out. Enter in your current savings plan and it will calculate your financial results for each year until you retire! A complete report lets you view graphically when you will hit your Cool Million - and what you can do to reach this Millionaire milestone on target!

Becoming a Millionaire is much easier using the magic of Compound Interest.  You may also find our Compound Interest Calculator helpful in your millionaire calculation planning.

 



This Financial Calculator requires a Browser with Java Support

Millionaire Calculator Definitions:

Your age:Your current age in years.
Millionaire target age:The age you want to become a millionaire. For example, to find out what it will take to be a millionaire by age 40, enter 40 here.
Amount currently invested:Total value of all of your current investments. Although you could include your home and personal property in this amount - it is a bit more accurate to include only your savings, retirement accounts and investments.
Savings per month:The amount you will contribute each month to your investments. This calculator assumes that all savings are added to your account at the beginning of the month.
Expected Rate of Return:This is the annual rate of return you expect from your investments. The actual rate of return is largely dependant on the type of investments you select. For example, for the last thirty years the average annual rate of return for the S&P 500 is about 10%. Savings accounts at a bank pay as little as 2%. For the purposes of this calculator taxation is not factored into the results. If you pay taxes on the interest, dividends or capital gains from these investments you may wish to enter your after tax rate of return.
Expected Inflation Rate:What you expect for the average long term inflation rate.

To find the current Inflation rate click here

This Millionaire Calculator is provided courtesy of :

©2001 KJE Computer Solutions,
Financial Calculators from www.dinkytown.net
(612) 532-4194
1730 New Brighton Blvd. PMB #111
Minneapolis, MN 55413

KJE Computer Solutions' information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. More Information.

 

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