Annual Return %
Estimated date to reach your first million
Becoming a Millionaire
The dream of becoming a millionaire is a common aspiration for many people around the world. The idea of having financial freedom, the ability to travel, and the opportunity to live a luxurious lifestyle are alluring factors that make this dream so appealing.
Technically, if you reach your first million you are already a millionaire. Achieving this requires a combination of hard work, determination, and a bit of luck.
With this calculator you can estimate how close you are to reach your first million.
How to use this calculator?
- Initial Value: It's the initial value you use towards your first million.
- Monthly Investiment: It's the monthly value you are planning to invest to reach your first million.
- Anual Return: It's the annual return you are expecting in your investment. To not worry about inflation, you can either consider the real rate of return (it's the return above the inflation), or you can just consider that your monthly investiment will be adjusted be inflation. Historically, the annual real rate of return on investments in the US stock market has been 9.79% per year.