Home
About Us
Our People
Vicky Thornley
David Studholme
Kyra Guckert
Our Services
Financial Report Preparation
Tax Returns
GST Returns
Family Trusts
Companies
Rental Properties
Farm Accounting
Succession & Estate Planning
Small Business Accounting
Client Trust Account Deposit Scheme
Investment Portfolios
Budgeting
Resources
Calculators
Internet Links
Key Dates
Tax Facts
Contact Us
Location Map
Millionaire Calculator
Millionaire Calculator
When will you become a millionaire?
This calculator shows you how long it will take you to reach a savings target.
How much is the initial deposit
How much will you deposit monthly ($)
Average rate of return on investment (%)
1
Average annual inflation rate (%)
2
What target would you like to reach ($)
3
You will reach your goal in
The inflation adjusted final
amount is worth ($)
If you take the capital of
and invest at rate of return of (%)
4
This will provide monthly income before tax of
or, an annual income before tax of
1
3% is a good rate of return.
2
Inflation, is currently less than 4%.
Note:
Inflation is currently low, choose whatever rate you wish, but we think 3% is fair as an average
You may change the rate of inflation and the rate of return to what ever rates you think will apply over the number of years you select.
We suggest rates between 3% and 5%.
3
Similarly the $1m is our default wealth goal. You can change this to whatever final figure you want.
4
You may change the rate of return to any value you like
Back to Calculators
R
esources
We offer a full range of free, easy to use, online resources including:
Calculators
Tax Facts
Internet Links
Key Dates
S
ervices
We offer a diverse range of specialist accounting and financial services.
Services
C
ontact
U
s
Unit 4 27 Sir William Pickering Drive, Burnside, Christchurch 8053
View Map
Ph:
03-366 6955
Email:
enquiry@qca.co.nz
Copyright
Quantum Chartered Accountants
©
Disclaimer
|
Site Map
|
Websites for accountants
by Wolters Kluwer