Published on Financial Calculators for Union Savings Bank (https://www.fintactix.net/usb)

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Save to be a Millionaire

Everybody wants to be a millionaire, but few have the savings discipline to get there. Your current savings, additional monthly savings and the rate of return you receive all go into saving to be a millionaire. However, it may not stop there. If you want to have a million dollars worth of purchasing power, you have to factor in inflation into your savings plan. That means that depending on the amount of time it takes you to save a million dollars you might have to have saved even more to have a million worth of purchasing power.

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Calculators are provided for illustrative and educational purposes only and we do not guarantee their accuracy. We encourage you to contact a qualified financial professional concerning questions about your personal or business finances.


Source URL: https://www.fintactix.net/usb/tools/savings/s04