diff --git a/src/wallet.cpp b/src/wallet.cpp
index 7e02367b53..f71cc66dcf 100644
--- a/src/wallet.cpp
+++ b/src/wallet.cpp
@@ -2466,7 +2466,7 @@ bool CWallet::TopUpKeyPool(unsigned int kpSize)
                 throw runtime_error("TopUpKeyPool() : writing generated key failed");
             setKeyPool.insert(nEnd);
             LogPrintf("keypool added key %d, size=%u\n", nEnd, setKeyPool.size());
-            double dProgress = nEnd / 10.f;
+            double dProgress = 100.f * nEnd / (nTargetSize + 1);
             std::string strMsg = strprintf(_("Loading wallet... (%3.2f %%)"), dProgress);
             uiInterface.InitMessage(strMsg);
         }