MILLIONAIRE CALCULATOR

MILLIONAIRE CALCULATOR from http://money.cnn.com/

About this calculator:
• When estimating a projected rate of return, keep in mind that the classic portfolio with 60% in stocks and 40% in bonds has historically returned an average of 9% a year.

• We've assumed investors sell 20% of holdings in their taxable account every year, incurring long- and short-term taxes along the way. You can reach your goal faster if you trade less and hold tax-efficient mutual funds.

• In addition, you should save the maximum allowed in your retirement accounts. Because you don't have to pay taxes on gains each year, money will grow faster than in taxable accounts. Good luck.