Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Million Dollar Savings Calculator: How Much Do I Need To Save to Become a Millionaire?

This financial calculator will show you how much you need to save each month in order to become a millionaire.

For example, if you’re planning to retire with a $1,000,000 in 30 years, and you think you can achieve a 6% return on your money each year, enter “30” as the Years to Goal and “6%” as the Annual Rate of Return. If you already have $10,000 saved up, enter “$10,000” as your Current Amount Saved.

This financial calculator shows you how much you need to save each month in order to accumulate $1,000,000.

Current Amount Saved:
Years to Goal:
Annual Rate of Return (%):
 
= Amount You Must Save Each Month