Menu
You are here: Home > Resources > Calculators > Index

Millionaire Calculator

Millionaire Calculator

When will you become a millionaire?


This calculator shows you how long it will take you to reach a savings goal.
How much is the initial deposit
  

If you take the capital of
and invest at rate of return of (%)4
This will provide monthly income before tax of
or, an annual income before tax of


1 3% is a (fairly) high rate of return.

2 Inflation, is currently less than 4%.
Note: Inflation is currently low, choose whatever rate you wish, but we think 3% is fair as an average

You may change the rate of inflation and the rate of return to what ever rates you think will apply over the number of years you select.
We suggest rates between 3% and 5%.

3 Similarly the $1m is our default wealth goal. You can change this to whatever final figure you want.

4 You may change the rate of return to any value you like

Back to Calculators

What We Do

At RW Ramsey & Company Pty Ltd we aim to provide you with advice when your business needs it, not just when you ask for it.

READ MORE

Who we are

We work towards achieving our goal by listening to our clients and offering technical advice geared towards maximising these goals and objectives.

READ MORE

Tool Box

View our handy online tools and resources featuring key dates, tax facts, useful links and online calculators.

READ MORE

Latest News | RSS

Latest News | RSS

Contact / Connect