Website Pick of the Week

Corresponding Blog Post: How to Include Finances in Your New Year’s Resolution


Website: http://www.youngmoney.com/millionaire-calculator/

Reason: This calculator from Young Money helps you figure out how much you will need to save per month to become a millionaire by Age 65. However, you can change every variable—age of retirement, interest rate, etc.—to show the impact of working longer or taking more or less risk in your choice of investment on how long it will take you to become a millionaire.

Also on this Web site, you can find calculators on saving for college, compound interest, and other types of savings.

Readers: Did you give this calculator a try? What did you think?