Savings to Reach a Goal

Have a savings goal in mind? See how long it will take to achieve your goal if you start today.
Describe your goal
Become a millionaire
Cost of goal (today's dollars - maximum value $5,000,000)
1,000,000
Info
Reach goal in how many years? (maximum 50 years)
25.00
Inflation rate (maximum value 10%)
2.00%
Info
X
Input Error: Inflation Rate
Enter a value between 0% and 10%.
Cost of goal (future dollars)
1,640,606
Current savings (maximum value $500,000)
300,000
Monthly savings (maximum value $12,000)
750
Rate of return (maximum value 16%)
6.00%
X
Input Error: Rate of return
Enter a value between 0 and 16%.
Become a millionaire
$1,640,606
$1,809,905
Goal
Savings


 
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Assumptions
The future cost of your goal is calculated using the entered inflation rate and years values. Taxes on the growth or redemption of your savings are not included in the calculations.

Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.©Copyright 2024 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.