Cool Million Calculator

Estimate how long it will take for your savings plan to reach $1,000,000 or any goal.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Your Savings Plan

$
$
%
$

Path to Your Goal

25 years
(308 months)
Target: June 2052
Total Contributions$333,000
Interest Earned$673,774
67%
Comes from Interest
$12,000
Annual Savings
How it works›

Model and assumptions. Solves the compound-savings equation for the deposits or time needed to reach the entered target after growing the current balance. Rates and contributions are held constant; market losses, fees, taxes and changes in the target are not forecast.OpenStax: annuity formulas