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3% is a good rate of return.
Inflation, is currently less than 4%.
Note:
Inflation is currently low, choose whatever rate you wish, but we think 3% is fair as an average
You may change the rate of inflation and the rate of return to what ever rates you think will apply over the number of years you select. We suggest rates between 3% and 5%.
Similarly the $1m is our default wealth goal. You can change this to whatever final figure you want.
You may change the rate of return to any value you like.
When will you become a millionaire?
Enter requested information below
How much is the initial deposit
Please enter the starting balance.
How much will you deposit monthly ($)
Please enter the monthly deposit.
Average rate of return on investment (%)
What’s This?
Please enter the Average annual interest rate.
Average annual inflation rate (%)
What’s This?
Please enter the Average annual inflation rate.
What target would you like to reach ($)
What’s This?
Please enter the final target desired.
Calculate
You will reach your goal in
Inflation adjusted final amount is worth ($)
If you take the capital of
Please enter the final target desired.
and invest at rate of return of (%)
What’s This?
Please enter the rate of return.
Your monthly income before tax of
or, an annual income before tax of
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