Millionaire Calculator

Calculator Definitions

The variables used in our online calculator are defined in detail below, including how to interpret the results.

Current Age (Years)

This is your current age in years.

CCurrent Net Worth ($)

This is your current net worth.  The purpose of this calculator is to determine how much money you need to save
each year to have one million dollars in net worth.  However, most individuals would prefer to leave out their home's
value and any mortgage owed in this particular net worth calculation.

Annual Return on Investments (% / Year)

This is the annual rate of return you expect to realize on your funds between now and your anticipated retirement age.

TTarget Net Worth ($)

This is the targeted net worth value and in this example the default value is $1 million dollars.  You can change this
value if you'd like to achieve a higher or lower net worth.

Annual Funding ($ /Year)

This value represents how much money you need to save each year to become a millionaire or the value you chose
in the target Net Worth section of this calculator.