Age to Become a Millionaire Calculator
Use this calculator to determine at what age you would have one million dollars (or any specified amount) given you invested a fixed amount each year starting at a specified age.
Suppose that you want to accumulate $1,000,000 by investing $10,000 each year beginning at age twenty. Assume that your annual rate of return is 6%. With these inputs you would reach your goal at age 53.
With this calculator how much you accumulates depends of the four input values so experiment with holding some values constant while varying others. In particular the younger you start investing, the sooner you will meet your accumulation goal. In some cases you could retire at a relatively young age. See How this 26-year-old Amazon employee saved $120,000 in less than 4 years.