How Long Will it Take to Save $12,000?

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 $12,000?
Calculate how much you need to save every day, week, or month to save $12,000. 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 $12,000. 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 $12,000.
Monthly Savings Needed to Save 12,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $991 $982 $974 $965
2 $491 $481 $473 $464
3 $324 $315 $306 $297
4 $240 $231 $223 $214
5 $190 $181 $173 $165
6 $157 $148 $140 $132
7 $133 $124 $116 $108
8 $115 $107 $98 $91
9 $102 $93 $85 $77
10 $90 $82 $74 $67
11 $81 $73 $65 $58
12 $74 $65 $58 $51
13 $68 $59 $52 $45
14 $62 $54 $46 $40
15 $57 $49 $42 $36
16 $53 $45 $38 $32
17 $50 $41 $35 $29
18 $46 $38 $31 $26
19 $43 $35 $29 $23
20 $41 $33 $26 $21
21 $38 $31 $24 $19
22 $36 $29 $22 $17
23 $34 $27 $21 $16
24 $33 $25 $19 $14
25 $31 $24 $18 $13
26 $29 $22 $16 $12
27 $28 $21 $15 $11
28 $27 $20 $14 $10
29 $26 $19 $13 $9
30 $24 $18 $12 $9