December 4, 2005
Millionaire Calculator spreadsheet
When will you be a millionaire? What will it take to save a million dollars? To find the answer to that question, use the new Millionaire Calculator spreadsheet that I've created. It allows you to calculate how many months and years it will take to accumulate a million dollars (or whatever amount you choose), as well as the date when you'll finally be a millionaire.
Also, if you enjoy that, check out some other personal finance spreadsheets that I've created, including a Master Information spreadsheet for storing important information, a Grocery Savings spreadsheet (also known as a price book) for saving money on groceries, and a "Cup o' Joe Factor" spreadsheet that shows you how much your habits are costing you (also known as David Bach's Latte Factor®).
Filed under Free Excel Templates, Personal Finance Tools by Sean

Comments on Millionaire Calculator spreadsheet »
Thanks! What a cool sheet! Though I wonder if I'm reading it wrong or something, because it says it'll take 51 years to reach one million dollars at my current interest and investment rate yet it also says it'll happen in 2026, when it should be in 2056.
That IS a puzzler! *Grin*
Whoops! I've corrected the formula. It was giving the correct number of months, it was just the final date that was wrong. Apologies to those who got their hopes up based on an earlier-than-actual date of millionairehood.