Free Cool Million Calculator
This calculator will show you the way you can be a millionaire after a certain age. To do so, this calculator will use your current age, millionaire target age, investment amount, savings, expected return and inflation. Switch to the reports to have a graphical presentation of the findings.
- Your age
- Your present age.
- Millionaire target age
- The age you have targeted to establish yourself as a millionaire.
- Amount currently invested
- Your current amount of savings or investments.
- Savings per month
- The amount of money you will contribute to the investments at the beginning of every month.
- Expected rate of return
- The percentage rate of return you are anticipating from the investments. Input the after-tax rate of return if you wish to use the same for this calculation. This rate compounds annually.
- Expected inflation rate
- The expected average rate of inflation over long-term. You can use the consumer price index (CPI) to determine the prevailing inflation rate in the market.