CNNMoney.com
When will you be a millionaire?
Tell us how much you have, how long you will save and at what rate, and find out when your nest egg will hit 7 figures.

MILLIONAIRE CALCULATOR
About this calculator:


When estimating a projected rate of return, keep in mind that the classic portfolio with 60% in stocks and 40% in bonds has historically returned an average of 9% a year.

We've assumed investors sell 20% of holdings in their taxable account every year, incurring long- and short-term taxes along the way. You can reach your goal faster if you trade less and hold tax-efficient mutual funds.

In addition, you should save the maximum allowed in your retirement accounts. Because you don't have to pay taxes on gains each year, money will grow faster than in taxable accounts. Good luck.

$$$ More savings tools

Taxable accounts
How much you have:
How much you will save:
    
Your federal rate:   
Your state rate:   

Tax-defferred accounts
How much you have:
How much you will save:
    

Projected rate of return/goal
Average annual gain:
Desired nest egg: $1,000,000
 

© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET.
Intraday data provided by ComStock, an Interactive Data Company and subject to the Terms of Use.
Historical, current end-of-day data, and splits data provided by FT Interactive Data.
Fundamental data provided by Hemscott.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.