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 Long Do I Need to Save to Become a Millionaire?

This financial calculator will tell you how many years you will need to save in order to accumulate $1,000,000.

For example, if you’re planning to retire with $1,000,000, 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 and "6%" as the Annual Rate of Return. If you already have $20,000 saved up, enter "$20,000" as your Current Amount Saved.

How many years will it take you to accumulate $1,000,000? Use this financial calculator to find out.

Current Amount Saved:
Monthly Savings Amount:
Annual Rate of Return (%):
 
= Number of Years to Reach $1,000,000 Goal