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!
Definitions
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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.
|
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