Becoming a millionaire

It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars and reach your goal to be a millionaire.

Contact Deseret First Credit Union: 801-456-7000 M-F 9 a.m.-5:30 p.m.

Savings and Assumptions
Current age 
Age to become millionaire 
Initial balance or deposit ($) 
Annual increase on new savings (%) 
Before-tax return on savings (%)help
Marginal tax bracket (%)help
Anticipated inflation rate (%)help
   

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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