I'd like to share my latest online calculator. Plug in your current assets, monthly additions, and learn how many years it would take to reach savings goals. The defaults are in gray and can be altered. It's a pretty cool tool in my estimation, and allows you to dream big!
A screenshot is attached, and the $10 Million Dream calculator is here.
I put it together to accompany my latest post, and used the NPER function (which WCI has discussed here) to come up with the answers.
Have fun and post your results. When I plug in my current numbers, I wind up with $10M in 10 to 22 years at a CAGR of 2% to 10%. Working half time, it could happen in 12 to 40 years with similar returns. Of course, I don't need $10M, but it's an interesting exercise to see what it would take.
Happy New Year!
-PoF
A screenshot is attached, and the $10 Million Dream calculator is here.
I put it together to accompany my latest post, and used the NPER function (which WCI has discussed here) to come up with the answers.
Have fun and post your results. When I plug in my current numbers, I wind up with $10M in 10 to 22 years at a CAGR of 2% to 10%. Working half time, it could happen in 12 to 40 years with similar returns. Of course, I don't need $10M, but it's an interesting exercise to see what it would take.
Happy New Year!
-PoF
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