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.

Initial Savings Amount (£):

The initial amount held in savings.

Monthly Savings Amount (£):

The amount to be saved each month.

Average Annual Return on Investment (%):

The expected average return on investment.

Average Annual Inflation (%):

The expected level that inflation shall rise by annually.

Amount Desired (£):

The total amount desired.

Calculate Investment:

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.

Rate of Return (%):

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.

06 Jan 2021

Chancellor announces £4.6 billion lockdown grant package

Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown.

06 Jan 2021

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of April 2021.

06 Jan 2021

HMRC has issued some guidance to taxpayers that deferred their VAT payments between 20 March and 30 June 2020 and still have payments to make.