How Long Will it Take to Save $1,000?

How much will you need to save every day, every week, and every paycheck to meet your savings goal?
$
%
Here's how much you will have to set aside to save $5,000 in 1 Year:
$96 every week
$191 every two week pay period
$416 every month
$14 every day
How Long Does it Take to Save $1,000?
Calculate how much you need to save every day, week, or month to save $1,000. Enter your savings goal, the time needed, and the investment return that you receive to see how much you need to save regularly to achieve your savings goal of $1,000. Use this to see how much you need to save for retirement, a college education, a down payment on a home, or any type of savings goal.
See the chart below to see how much you need to save based on the length of time needed to save $1,000.
Monthly Savings Needed to Save 1,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $83 $82 $81 $80
2 $41 $40 $39 $39
3 $27 $26 $25 $25
4 $20 $19 $19 $18
5 $16 $15 $14 $14
6 $13 $12 $12 $11
7 $11 $10 $10 $9
8 $10 $9 $8 $8
9 $8 $8 $7 $6
10 $8 $7 $6 $6
11 $7 $6 $5 $5
12 $6 $5 $5 $4
13 $6 $5 $4 $4
14 $5 $4 $4 $3
15 $5 $4 $3 $3
16 $4 $4 $3 $3
17 $4 $3 $3 $2
18 $4 $3 $3 $2
19 $4 $3 $2 $2
20 $3 $3 $2 $2
21 $3 $3 $2 $2
22 $3 $2 $2 $1
23 $3 $2 $2 $1
24 $3 $2 $2 $1
25 $3 $2 $1 $1
26 $2 $2 $1 $1
27 $2 $2 $1 $1
28 $2 $2 $1 $1
29 $2 $2 $1 $1
30 $2 $1 $1 $1