Millionaire calculator

Find out how long it will take you to become a millionaire.

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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F: 01604 716880
E: info@phm-accountants.co.uk

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Phipps Henson McAllister are registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK, under reference number EWC008449569.

This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.