See how many years of consistent investing it takes to hit your first million at a given return.
How the Millionaire Calculator works
The calculator grows your current savings plus monthly contributions at an expected return until the balance hits your target, then reports how long it takes.
Example calculation
With $20,000 saved and $800 a month at 8%, reaching $1,000,000 takes roughly 27 years.
Tips for using the Millionaire Calculator
- Time in the market is the strongest lever.
- Raising contributions beats chasing risky returns.
- Adjust the target for future inflation.
Millionaire Calculator — frequently asked questions
- Is a million enough?
- It depends on your lifestyle and location; inflation also erodes future purchasing power.
- Biggest lever?
- Time in the market and contribution amount usually matter more than chasing higher returns.
- Is a million dollars enough?
- It depends on lifestyle and location; inflation erodes future value.
- What return is realistic?
- Long-term diversified equity averages are often cited near 7–8% nominal.
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