Financial Planning -> Save Money -> Save $1 million
How Much Must be Invested Today to Have $1 Million in the Future?
As you can see, if you could get an average return of 10% per year, you could deposit $8,519 today (yes, just one deposit) and have it grow to $1 million in 50 years. This is the magic of compounding - earning a return from your previous returns. You can also see that getting a 10% return, which is double a 5% return, results in a lot more than double the investment when invested for decades.
All amounts are compounded annually at the rate of returns shown above, and all amounts are pre-tax.
Present and Future Value Calculator - use your own numbers to do these calculations.
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Revised: September 14, 2021
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