How Long Will it Take to Save $130,000?

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 $130,000?
Calculate how much you need to save every day, week, or month to save $130,000. 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 $130,000. 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 $130,000.
Monthly Savings Needed to Save 130,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $10,735 $10,640 $10,546 $10,455
2 $5,314 $5,216 $5,120 $5,027
3 $3,508 $3,408 $3,313 $3,221
4 $2,605 $2,506 $2,411 $2,320
5 $2,063 $1,964 $1,871 $1,782
6 $1,702 $1,604 $1,512 $1,425
7 $1,444 $1,347 $1,256 $1,172
8 $1,251 $1,155 $1,066 $983
9 $1,101 $1,005 $918 $837
10 $980 $886 $800 $722
11 $882 $789 $704 $628
12 $800 $708 $625 $551
13 $731 $640 $559 $486
14 $672 $582 $502 $432
15 $621 $531 $453 $385
16 $576 $488 $411 $345
17 $536 $449 $374 $310
18 $501 $415 $341 $279
19 $470 $385 $312 $252
20 $442 $357 $287 $228
21 $416 $333 $264 $207
22 $393 $311 $243 $189
23 $372 $291 $224 $172
24 $353 $272 $208 $157
25 $335 $255 $192 $143
26 $319 $240 $178 $131
27 $304 $226 $166 $120
28 $290 $213 $154 $110
29 $277 $201 $143 $101
30 $265 $190 $133 $92