How to become an ISA multi-millionaire

Making your first ISA million may be tricky but it gets easier if you want to become a multi-millionaire investor

Man, probably a millionaire, in a suit lying in a bathtub throwing cash in the air
(Image credit: Nattakorn Maneerat via Getty Images)

Many investors dream of reaching ISA millionaire status but what do you do once you reach that milestone?

The 2024/25 tax year has recently ended, and many investors will be looking to find the best stocks and shares ISAs to make use of their tax-free savings allowances in the new tax year – especially any ISA early birds that want to maximise their long-term returns.

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Total market value of ISAs as of 5 April 2022

£1,000,000-£1,999,999

£2,000,000-£2,999,999

£3,000,000-£3,999,999

£4,000,000+

Total (£1,000,000+)

Number of individuals

4540

250

30

40

4850

Mean market value

£1,233,000

£2,342,000

£3,345,000

£7,530,000

£1,351,000

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Header Cell - Column 0

Monthly savings

Years

Savings required

Fund growth

£0 to £1 million

£1,433

25

£429,900

£570,157

£1 million to £2 million

£1,433

10

£171,960

£859,189

£2 million to £3 million

£1,433

6

£103,176

£874,067

Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.

With contributions from