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When will you become a millionaire?

This calculator indicates how long it will take you to become a millionaire.



Starting balance (£)

Monthly deposit (£)
* Average rate of return on investment (%)
* Average annual inflation rate (%)
Final amount desired (£)





You will reach your goal in

In today's £s, because of inflation, the final amount is worth (£)


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



* Our calculator currently shows no return on capital after taking inflation into account. With the current levels of return from deposit accounts and the (relatively) high level of inflation our calculator could actually reveal a loss of capital in real terms. However, you may wish to enter your own rates of return and your longer term view of inflation. Similarly the £1 million is our default wealth target, do change to whatever final target you prefer. Further information on savings.