How Long Will it Take to Save $2,000?

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 $2,000?
Calculate how much you need to save every day, week, or month to save $2,000. 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 $2,000. 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 $2,000.
Monthly Savings Needed to Save 2,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $165 $164 $162 $161
2 $82 $80 $79 $77
3 $54 $52 $51 $50
4 $40 $39 $37 $36
5 $32 $30 $29 $27
6 $26 $25 $23 $22
7 $22 $21 $19 $18
8 $19 $18 $16 $15
9 $17 $15 $14 $13
10 $15 $14 $12 $11
11 $14 $12 $11 $10
12 $12 $11 $10 $8
13 $11 $10 $9 $7
14 $10 $9 $8 $7
15 $10 $8 $7 $6
16 $9 $8 $6 $5
17 $8 $7 $6 $5
18 $8 $6 $5 $4
19 $7 $6 $5 $4
20 $7 $5 $4 $4
21 $6 $5 $4 $3
22 $6 $5 $4 $3
23 $6 $4 $3 $3
24 $5 $4 $3 $2
25 $5 $4 $3 $2
26 $5 $4 $3 $2
27 $5 $3 $3 $2
28 $4 $3 $2 $2
29 $4 $3 $2 $2
30 $4 $3 $2 $1