Millionaire Calculator

 

Useful information about the moneyland.ch millionaire calculator:

  • The millionaire calculator makes it easy to find out how long it will take you to save 1 million Swiss francs. The calculator accounts for initial capital, additional deposits and annual returns on your savings (annual interest rate). The calculator shows the saving and investment term required.
  • If you need to perform more customized calculations, just use the comprehensive moneyland.ch savings calculator.
  • The calculator uses the 30/360-day count convention to calculate interest. In this convention, every month has 30 days and every year has 360 days. This convention is typically used by Swiss savings accounts.
  • Calculations are based on deposits in arrears, meaning deposits are paid in at the end of each year.
  • The capital is calculated on a monthly basis, with calculations accounting for possible additional deposits and intra-year returns. The savings term required to reach or surpass the saving goal is shown in years and months.
  • Entered data is not rounded. Interest earned per year is calculated exactly. Results are rounded to the nearest 5 centimes.

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.