Millionaire calculator

Enter the details of your savings and press calculate to see how long it will take you to become a millionaire.

The initial amount held in savings.

The amount to be saved each month.

The expected average return on investment.

The expected level that inflation shall rise by annually.

The total amount desired.

Could you live on the amount you have desired? Find out by ticking the box and completing the additional information below, if it applies to you.

The rate of return you expect to make from your investment.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice. The NI calculation is annualised and therefore due to the change in the employee rate during the year, the amount is only an indication.

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Paul S Axcell Chartered Accountant, 10 Springfield, Ovington, Prudhoe, Northumberland NE42 6EH
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