Millionaire Calculator: How Long Will It Take You To Have a Million?

Posted by under Personal Finance . Updated: January 12, 2019

How long does it take to save one million? It’s a popular question among those who dreams of becoming rich.

And today, I’ll give you a tool to calculate just that.

Actually, it’s an Excel worksheet that you can play with to compute how many years it will take for you to become a millionaire.

If you’ve been reading this blog since 2008, then you probably know that I have uploaded an online calculator before that answers the question above.

And it’s this one below… go ahead and play with it.

As you can see, this one is quite limited to saving a fixed amount every month. What if you want to increase that every year?

For example, you’re setting aside P5,000 every month right now. But next year, you want to add P1,000 and save P6,000 monthly. And then increase it by another P1,000 to make it P7,000 monthly in the year after that, and so on.

You can no longer use the calculator above to know when you’ll have that one million.


Furthermore, having one million today isn’t the same as having one million after ten years. Because of inflation, your money will have less value in the future.

Having these considerations in mind, I decided to create an Excel worksheet that can calculate the years it will take to have one million and at the same time, have the option to increase your monthly contributions.

Moreover, I also added the feature to adjust for inflation so that you’ll truly be a millionaire in the future. Below is a screenshot of the Excel calculator.

Are you excited to download and tinker with it? Then just click the link to get your FREE download: The One Million Excel Calculator

Other online calculators you can check out:

Do you have a financial calculator that you want me to create as an Excel worksheet? Tell them in the comments section below. Thanks.

Enter your email address for your free subscription to Ready To Be Rich:


Tags: , , , , , ,

6 Responses to “Millionaire Calculator: How Long Will It Take You To Have a Million?”

  1. JD says:

    Hi sir Fitz,

    I downloaded the Excel but it is protected with a password so I am unable to use it.


  2. Fitz says:

    Hi JD,

    All the cells are locked except those with GREEN background. Kindly check if you can input your data in those cells. Values in all the other cells automatically update as soon as you enter your date.


  3. Prim says:

    Hi Sir,

    I have the same problem po. I was asked to enter password before I can edit those values with green background.

    Thanks po

  4. Fitz says:

    Hi everyone. I think the problem is in the Excel version that you have. I’ll fix the problem and upload a new Excel file. I’m sorry for the inconvenience.

  5. Armi says:

    Hi Sir,
    By any chance would you have an updated excel file already? Thank you in advance.

  6. Steph says:

    Hi! Tried this already.It’s great I can easily see how much I should be saving from now, if I wanted to have a million at a certain age. But, I would love to also read your other blogs that would further elaborate aforementioned low, medium and high risks investments. Thanks!

Leave a Comment and Join the Discussion