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 Jul 2021

Furlough scheme starts to wind down

The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July.

06 Jul 2021

The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices.

06 Jul 2021

From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property.