Millionaire Calculator
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 (£)
*5% is a (fairly) high rate of return. Inflation, as measured by the Retail Price Index is currently 4.1%.
CPI
is normally lower than
RPI
x. Please change these rates and the £1million target as you wish.
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