Interesting calculator from CNN.com that calculates how long you will take to earn your first million dollars.
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.
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