Be a Millionaire

What will it take to save one million dollars? This financial calculator helps you find out. Enter in your current savings plan and view graphically your financial results for each year until you retire! A complete report tells you when you will hit your Cool Million - and what you can do to reach this milestone on target!

This Financial Calculator requires a Browser with Java Support

Definitions

Your age:Your current age in years.
Millionaire target age:The age you want to become a millionaire. For example, to find out what it will take to be a millionaire by age 40, enter 40 here.
Amount currently invested:Total value of all of your current investments. Although you could include your home and personal property in this amount - it is a bit more accurate to include only your savings, retirement accounts and investments.
Savings per month:The amount you will contribute each month to your investments.
Expected Rate of Return:Pre-tax rate of return on investments. For example, the long-term rate of return for the S&P 500 is about 10%.
State Tax Rate:Your marginal state tax rate.
Federal Tax Rate:Your marginal federal tax rate.
Expected Inflation Rate:What you expect for the average long-term inflation rate.


information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

 

*These materials are not an offer to sell or solicitation of an offer to buy any security, nor shall any such security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

IMPORTANT CONSUMER INFORMATION

(1) A broker-dealer, investment advisor, BD agent or IA rep may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the state's broker-dealer, investment advisor, BD agent or IA rep requirements, as the case may be; and
(2) Follow-up, individualized responses to consumers in a particular state by broker-dealer, investment advisor, BD agent or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's broker-dealer, investment advisor, BD agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion. (3) For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA rep, a consumer should contact his or her state securities law administrator.