Save to be a Millionaire | Financial Calculators for Flagstar Bank

The age at which you are starting your millionaire savings plan.

The age at which you are targeting to be a millionaire.

To get your marginal tax rate, add together the highest rate you pay for federal income taxes and the highest rate you pay for state income taxes.

Rate of inflation

The rate of inflation you expect over the course of your millionaire savings plan.

Savings Information

Current savings

The amount you currently have saved as part of your millionaire savings plan.

Monthly savings

The amount you save on a monthly basis towards your millionaire savings plan.

Expected rate of return

The annual rate of return you expect to receive on your investments and savings accounts.

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Millionaire Savings Summary
Planned Savings	Goal Savings	Purchasing Power Savings

Saving to Become a Millionaire
	Planned Savings	Goal Savings	A Million in Current Purchasing Power
Total Savings

Flagstar Bank partnered with Fintactix, a financial education company, to make this calculator available. This is for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculator cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. Use of this calculator is not a substitute for and results cannot be relied on as investment, legal, tax or accounting advice. Please consult a tax advisor, attorney or other financial professional for personalized advice appropriate to your goals and circumstances. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.

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.