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Millionaire
When will you become a Millionaire?
YP
This calculator will show you how long it will take you to become a millionaire.
Starting balance (£)
Monthly deposit (£)
* Average rate of return on investment (%)
* Average annual inflation rate (%)
Final amount desired (£)
You will reach your goal in
In todays money, because
of inflation, the final
amount is worth (£)
YP
*5% is a (fairly) high rate of return. Inflation, as measured by the Retail Price Index is currently 4.3%.
CPI
is normally lower than
RPI
x. Do please change these rates as you wish similarly the £1m is our default wealth target, do change to whatever final amount you select.
Further information
on savings.
