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

How much will you need to save every day, every week, and every paycheck to meet your savings goal?
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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 $1,000,000?
Calculate how much you need to save every day, week, or month to save $1,000,000. 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 $1,000,000. 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 $1,000,000.
Monthly Savings Needed to Save 1,000,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $82,579 $81,843 $81,126 $80,425
2 $40,881 $40,119 $39,381 $38,666
3 $26,983 $26,218 $25,482 $24,774
4 $20,036 $19,273 $18,545 $17,848
5 $15,868 $15,111 $14,391 $13,709
6 $13,091 $12,339 $11,630 $10,963
7 $11,108 $10,362 $9,665 $9,013
8 $9,621 $8,882 $8,197 $7,561
9 $8,466 $7,734 $7,060 $6,440
10 $7,542 $6,817 $6,155 $5,552
11 $6,786 $6,069 $5,419 $4,832
12 $6,157 $5,447 $4,809 $4,238
13 $5,625 $4,922 $4,296 $3,742
14 $5,170 $4,474 $3,860 $3,321
15 $4,775 $4,087 $3,485 $2,962
16 $4,430 $3,750 $3,160 $2,652
17 $4,126 $3,454 $2,875 $2,383
18 $3,857 $3,191 $2,625 $2,148
19 $3,615 $2,958 $2,403 $1,940
20 $3,399 $2,748 $2,205 $1,757
21 $3,203 $2,560 $2,029 $1,595
22 $3,025 $2,390 $1,870 $1,450
23 $2,863 $2,235 $1,726 $1,321
24 $2,714 $2,094 $1,596 $1,205
25 $2,578 $1,965 $1,479 $1,100
26 $2,453 $1,847 $1,371 $1,006
27 $2,336 $1,738 $1,273 $921
28 $2,229 $1,638 $1,184 $844
29 $2,129 $1,545 $1,102 $774
30 $2,036 $1,459 $1,026 $710