How Long Will it Take to Save $22,000?

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 $22,000?
Calculate how much you need to save every day, week, or month to save $22,000. 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 $22,000. 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 $22,000.
Monthly Savings Needed to Save 22,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $1,817 $1,801 $1,785 $1,769
2 $899 $883 $866 $851
3 $594 $577 $561 $545
4 $441 $424 $408 $393
5 $349 $332 $317 $302
6 $288 $271 $256 $241
7 $244 $228 $213 $198
8 $212 $195 $180 $166
9 $186 $170 $155 $142
10 $166 $150 $135 $122
11 $149 $134 $119 $106
12 $135 $120 $106 $93
13 $124 $108 $95 $82
14 $114 $98 $85 $73
15 $105 $90 $77 $65
16 $97 $83 $70 $58
17 $91 $76 $63 $52
18 $85 $70 $58 $47
19 $80 $65 $53 $43
20 $75 $60 $49 $39
21 $70 $56 $45 $35
22 $67 $53 $41 $32
23 $63 $49 $38 $29
24 $60 $46 $35 $27
25 $57 $43 $33 $24
26 $54 $41 $30 $22
27 $51 $38 $28 $20
28 $49 $36 $26 $19
29 $47 $34 $24 $17
30 $45 $32 $23 $16