Financial Tools

How Fast Can You Save Your First Million?

Visualize the power of compounding and consistent saving. See how small adjustments today can accelerate your journey to financial independence.

Play around with your monthly savings, interest rate, and annual increment to see how your money grows year after year through the power of compounding.

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Set your financial goal
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Your current savings to invest (can be $0 if starting fresh)
$
How much you plan to save and invest each month
%
Expected yearly increase in your monthly savings (from salary raises)
%
Expected annual return on your investments (S&P 500 historical avg: ~10%)

How to Use This Calculator

Reaching your first million is a milestone that requires consistency and time. This calculator helps you visualize that journey.

1

Set Your Goal

Define your target amount. It defaults to $1,000,000, but you can adjust it to any financial milestone.

2

Input Savings

Enter your current savings and how much you plan to contribute monthly.

3

Adjust Growth

Set your expected annual investment return and annual savings increment (salary raises).

4

Visualize

Click Calculate to see a detailed year-by-year breakdown and growth chart.

Did you know?

The first $100k is often the hardest. Once you have a substantial base, compound interest starts doing the heavy lifting. This calculator shows you exactly when that acceleration happens.