Becoming a millionaire

It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars and reach your goal to be a millionaire.
Age and Savings
Current age 
Age to become millionaire 
Initial balance or deposit ($) 
Assumptions
Annual increase on new savings (%) 
Before-tax return on savings (%)help
Marginal tax bracket (%)help
Anticipated inflation rate (%)help
This calculator is an educational tool you can use to help estimate your future financial needs, based on variables you have selected. It cannot predict future returns or results, nor should you use past performance to predict future results. Financial decisions should not be made based on the results provided by this calculator. Always consult with your financial, tax or legal counsel before making such decisions. Generally speaking, investments that offer the potential for higher rates of return also involve a higher degree of risk.

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