Millionaire calculator
Calculator simulates raising your first million by systematic saving.

Inputs data

Your age now
Your age when you want to reach million
How much you already saved
How much can you save each month
Expected rate of return [%]
Tax rate [%]
Annual inflation (expected) [%]

Results - when you collect the first million?

You will reach million in 29 years.
Then, you will be 59 years old.
After that time, today million will be worth 476742.69.

Results - simulation how does your capital grow in time

YearsCapitalTotal
income
You save
this year
Interest on capital
before taxtaxafter tax
30
50 000
14 025
12 000
2 500
475
2 025
31
64 025
14 893.1
12 300
3 201.25
608.24
2 593.1
32
78 918.1
15 803.68
12 607.50
3 945.90
749.72
3 196.18
33
94 721.69
16 758.91
12 922.69
4 736.8
899.86
3 836.22
34
111 480.60
17 760.72
13 245.76
5 574.3
1 059.7
4 514.96
35
129 241.32
18 811.18
13 576.90
6 462.7
1 227.79
5 234.28
36
148 052.50
19 912.45
13 916.32
7 402.63
1 406.50
5 996.13
37
167 964.95
21 066.81
14 264.23
8 398.25
1 595.67
6 802.57
38
189 031.76
22 276.63
14 620.84
9 451.59
1 795.80
7 655.79
39
211 308.39
23 544.35
14 986.36
10 565.42
2 007.43
8 557.99
40
234 852.74
24 872.56
15 361.2
11 742.64
2 231.10
9 511.54
41
259 725.30
26 263.93
15 745.5
12 986.27
2 467.39
10 518.88
42
285 989.23
27 721.24
16 138.68
14 299.46
2 716.90
11 582.56
43
313 710.47
29 247.42
16 542.15
15 685.52
2 980.25
12 705.27
44
342 957.89
30 845.49
16 955.70
17 147.89
3 258.10
13 889.79
45
373 803.38
32 518.63
17 379.59
18 690.17
3 551.13
15 139.4
46
406 322.1
34 270.12
17 814.8
20 316.10
3 860.6
16 456.4
47
440 592.13
36 103.41
18 259.43
22 029.61
4 185.63
17 843.98
48
476 695.54
38 022.9
18 715.92
23 834.78
4 528.61
19 306.17
49
514 717.63
40 029.88
19 183.82
25 735.88
4 889.82
20 846.6
50
554 747.51
42 130.70
19 663.42
27 737.38
5 270.10
22 467.28
51
596 878.21
44 328.57
20 155.1
29 843.91
5 670.34
24 173.56
52
641 206.79
46 627.77
20 658.89
32 060.34
6 091.46
25 968.88
53
687 834.56
49 032.66
21 175.36
34 391.73
6 534.43
27 857.30
54
736 867.22
51 547.86
21 704.74
36 843.36
7 000.24
29 843.12
55
788 415.8
54 178.17
22 247.36
39 420.75
7 489.94
31 930.81
56
842 593.25
56 928.56
22 803.54
42 129.66
8 004.64
34 125.2
57
899 521.81
59 804.26
23 373.63
44 976.9
8 545.46
36 430.63
58
959 326.7
62 810.67
23 957.97
47 966.30
9 113.60
38 852.70
59
1 022 136.74
65 953.46
24 556.92
51 106.84
9 710.30
41 396.54

Some facts

  • Inflation is one of main phenomenas working against you, when going to save your money. Formally, inflation is defined as decrease of purchasing power of money. Consumers see this as rising prizes. Because prize grows up, people can buy less for the same money. Due to inflation, the real value of your million will be smaller, when you'll reach your goal.

  • Another difficulty is taxes. Unfortunately for investors, income from capital investments are taxed in most countries. It generally means that, if you earn some money - for example using bank deposit or bonds - then you probably need to give some of the profits to the taxman.

How to use this tool

Simply fill form below and calculla will perform the simulation of your capital growth in time according to given parameters.
This calculator assumes below rules:
  • You have got some saved (and invested) money at the beginning (see field 'how much you already saved'). However, don't worry if you have no savings yet. You still can be the millionaire. In this case please set related field to 0.

  • In each month:
    • You save some amount of money. These amounts cumulates themself increasing your total capital.
    • All your savings are continously invested (see field 'expected rate of return'). Income from investing is an additional source of money for you. The simplest form of investing are bank deposits (see also deposit calculator).
    • Income from investing is decreased by tax (see field 'tax rate').

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Ancient version of this site - links

"Calculla v1" version of this calculatorIn December 2016 the Calculla website has been republished using new technologies and all calculators have been rewritten. Old version of the Calculla is still available through this link: v1.calculla.com. We left the version 1 of Calculla untouched for archival purposes.
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