Millionaire Calculator
Calculate when you'll reach $1M in savings.
Formula
FV(n) = C×(1+r)^n + PMT×((1+r)^n−1)/r; iterate until FV ≥ $1M
- FV(n) = C×(1+r)^n + PMT×((1+r)^n−1)/r; iterate until FV ≥ $1M — for reference only.
Millionaire Calculator
Millionaire Calculator calculation.
Frequently asked questions
How is Millionaire Calculator calculated?
FV(n) = C×(1+r)^n + PMT×((1+r)^n−1)/r; iterate until FV ≥ $1M