Want to discover how long it will take to save $1,000,000? This “millionaire calculator” will help.
For example, if you have $20,000 in savings, believe you're able to save or invest $400 a month, and think you can achieve a 6% return on your money each year, enter:
- "$400" as the Monthly Savings Amount
- "6%" as the Annual Rate of Return
- "$20,000" as your Current Amount Saved.
You can also discover how much you need to save to become a millionaire.