Your Contributions
$
How Long Until You're a Millionaire?
A monthly deposit looks small beside a million dollars. The calculator below shows how much time and investment growth it would take to close that distance.
The example starts with $10,000 saved, $500 added each month, and a 7% annual return. Change any of those figures to see how sensitive the result is, especially to the return you assume.
This is a projection with a fixed return, not a forecast. Actual returns vary, and the calculator does not include fees, taxes, or inflation.
The Calculator
All calculations run locally in your browser. No data is sent anywhere.Adjust the inputs to match your situation. Everything updates instantly.
Time to reach $:
100+ years
At this rate, you won't hit $ within a century. Consider increasing your monthly contribution or adjusting your target.
The Breakdown
After , the projected balance is made up of your deposits and investment growth:
Interest Earned
$
You put in The market gave you
Investment growth accounts for of the projected balance.
Milestones
The estimated dates for each balance show how the pace changes over time:
$100,000
$250,000
$500,000
$750,000
$
With these inputs, reaching $100,000 takes . The next $150,000 takes . Deposits remain the same in the model, while the amount earning a return grows.
What the Projection Leaves Out
Early on, most of the balance comes from deposits. At $100,000, a 7% return would add $7,000 over a year; at $500,000, it would add $35,000. Those figures illustrate the calculation, not what an investment will earn in any given year.
The model assumes you make every monthly deposit and receive the same return each year. If either changes, the milestone dates change too. A million dollars decades from now will also buy less than a million dollars today.
Try changing the contribution by $100, then the return by one percentage point. The difference between those two results is more useful than any single date the calculator gives you.