How Long Will it Take to Save $200,000?

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 $200,000?
Calculate how much you need to save every day, week, or month to save $200,000. 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 $200,000. 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 $200,000.
Monthly Savings Needed to Save 200,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $16,516 $16,369 $16,225 $16,085
2 $8,176 $8,024 $7,876 $7,733
3 $5,397 $5,244 $5,096 $4,955
4 $4,007 $3,855 $3,709 $3,570
5 $3,174 $3,022 $2,878 $2,742
6 $2,618 $2,468 $2,326 $2,193
7 $2,222 $2,072 $1,933 $1,803
8 $1,924 $1,776 $1,639 $1,512
9 $1,693 $1,547 $1,412 $1,288
10 $1,508 $1,363 $1,231 $1,110
11 $1,357 $1,214 $1,084 $966
12 $1,231 $1,089 $962 $848
13 $1,125 $984 $859 $748
14 $1,034 $895 $772 $664
15 $955 $817 $697 $592
16 $886 $750 $632 $530
17 $825 $691 $575 $477
18 $771 $638 $525 $430
19 $723 $592 $481 $388
20 $680 $550 $441 $351
21 $641 $512 $406 $319
22 $605 $478 $374 $290
23 $573 $447 $345 $264
24 $543 $419 $319 $241
25 $516 $393 $296 $220
26 $491 $369 $274 $201
27 $467 $348 $255 $184
28 $446 $328 $237 $169
29 $426 $309 $220 $155
30 $407 $292 $205 $142