Everybody wants to be a millionaire! Our millionaire calculator will estimate how long it will take you to reach that magic number, if you follow a consistent savings pattern. One variable requested by the calculator — rate of return — may require some estimation on your part, particularly if you have investments in various portfolios, all earning different returns.
Do the best you can to derive a reasonable average rate of return for all your investments.
Of course, a million dollars doesn’t go as far as it used to; many families find that they’ll need a few million in the bank to live comfortably off investment income and retire in style. Nevertheless, our calculator is a good starting point for determining how much money you’ll need to save each month in order to accumulate a substantial nest egg. Revisit this site often and update your information, to ensure that you’re staying on track toward your dream retirement.