It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars.
Savings and Assumptions
Current age
Age to accumulate a million dollars
Initial balance or deposit ($)
Annual increase on new savings: (%)
Before-tax return on savings: (%)
Marginal tax bracket: (%)
Anticipated inflation rate: (%)
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Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.