Millionaire Calculator
Find out when you could reach one million (or one crore) at your current saving rate and return.
About the Millionaire Calculator
Enter what you've saved so far, how much you save each month, the yearly return you expect and your target. The calculator shows how long it takes and how much of the target comes from your own money.
Compounding means the last part of the journey goes fastest: going from half a million to a million takes far less time than reaching the first half. Raising your monthly saving early shortens the timeline most.
The formula
Balance each month = balance × (1 + i) + saving
Worked example
25,000 saved, 800 a month at 7% a year, aiming for 1,000,000
- Reached in 27 years 11 months
- You pay in 293,000
- The other 707,000 is growth
Questions people ask
Is 7% realistic?
Long-run US stock returns after inflation have been around 6–7%; balanced portfolios less. Use a cautious rate.
Does inflation matter?
A million in 30 years buys much less than today; use a real (after-inflation) return to think in today's money.
What helps most?
Saving more early: each extra amount has longer to compound.