How Many Years Will It Take to Save a Million Dollars?

Updated November 03, 2020

Want to discover how long it’ll take to save $1,000,000? This "millionaire" calculator will help.

Current Amount Saved:
Monthly Savings Amount:
Annual Rate of Return (%):
= Number of Years to Reach $1,000,000 Goal

For example, if you're able to save or invest $400 a month and think you can achieve a 6% return on your money each year, enter "$400" as the Monthly Savings Amount and "6%" as the Annual Rate of Return. If you've already saved $20,000, enter "$20,000" as your Current Amount Saved.

How many years will it take you to accumulate $1,000,000? Use this financial calculator to find out.