How Long Will it Take to Save $32,000?

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 $32,000?
Calculate how much you need to save every day, week, or month to save $32,000. 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 $32,000. 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 $32,000.
Monthly Savings Needed to Save 32,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $2,643 $2,619 $2,596 $2,574
2 $1,308 $1,284 $1,260 $1,237
3 $863 $839 $815 $793
4 $641 $617 $593 $571
5 $508 $484 $461 $439
6 $419 $395 $372 $351
7 $355 $332 $309 $288
8 $308 $284 $262 $242
9 $271 $247 $226 $206
10 $241 $218 $197 $178
11 $217 $194 $173 $155
12 $197 $174 $154 $136
13 $180 $158 $137 $120
14 $165 $143 $124 $106
15 $153 $131 $112 $95
16 $142 $120 $101 $85
17 $132 $111 $92 $76
18 $123 $102 $84 $69
19 $116 $95 $77 $62
20 $109 $88 $71 $56
21 $102 $82 $65 $51
22 $97 $76 $60 $46
23 $92 $72 $55 $42
24 $87 $67 $51 $39
25 $83 $63 $47 $35
26 $78 $59 $44 $32
27 $75 $56 $41 $29
28 $71 $52 $38 $27
29 $68 $49 $35 $25
30 $65 $47 $33 $23