A millionaire calculator is a software that helps people estimate the potential progress of their wealth over time primarily based on varied elements reminiscent of preliminary funding, price of return, and time horizon.
These calculators are sometimes used for monetary planning functions, as they’ll present insights into how totally different funding methods and assumptions can affect the potential progress of a person’s wealth. Millionaire calculators may also be useful for setting life like monetary objectives and making knowledgeable choices about saving and investing.