Everybody wants to be a millionaire, but few have the savings discipline to get there. Your current savings, additional monthly savings and the rate of return you receive all go into saving to become a millionaire. But it may not stop there. If you want to have a million dollars’ worth of purchasing power, you have to factor in inflation into your savings plan. That means that, depending on the amount of time it takes you to save a million dollars, you might have to save even more in order to have a million dollars’ worth of purchasing power down the road.
Savings account detailsUse this calculator to find out how you can save to become a millionaire.
Change the numbers in each input field by entering a new number or adjusting the sliders. After entering your data into each input field, the calculator results will automatically update the summary statement and chart.
