Target Nest Egg Calculator - Getting to $1,000,000 or More
How much do you need to invest each week, month or year to accumulate
a given dollar amount, say one million dollars? The target nest egg calculator
will help you find the answer and it's very easy to use. Just enter the
dollar amount that you want to accumulate, the number of years you have
to do it and an annual rate of return.
The calculator shows you how much you would need to invest weekly, monthly
or once a year to achieve your goal.
Here is a simple example. Suppose that you want to have two million dollars
(Investment Goal:) in 20 years. Assume an annual rate of return of six
percent. You could reach your goal by investing: $995.63 each week; $4,328.62
each month or a $54,369.11 lump sum once each year for the 20 years. Investing
at the weekly interval lets you reach your target with the fewest dollars
invested.
If you have 40 years to accumulate your money, you would need to invest
much less: $230.59 each week; $1,004.27 each month or $12,923.07 once
a year would get you there.
Form Input
On the calculator form, enter only numbers (with or without decimal points).
Do not enter:
- Currency symbols like dollar signs
- Commas
- Percent signs
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