How Long Will it Take to Save $34,000?

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 $34,000?
Calculate how much you need to save every day, week, or month to save $34,000. 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 $34,000. 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 $34,000.
Monthly Savings Needed to Save 34,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $2,808 $2,783 $2,758 $2,734
2 $1,390 $1,364 $1,339 $1,315
3 $917 $891 $866 $842
4 $681 $655 $631 $607
5 $540 $514 $489 $466
6 $445 $420 $395 $373
7 $378 $352 $329 $306
8 $327 $302 $279 $257
9 $288 $263 $240 $219
10 $256 $232 $209 $189
11 $231 $206 $184 $164
12 $209 $185 $164 $144
13 $191 $167 $146 $127
14 $176 $152 $131 $113
15 $162 $139 $119 $101
16 $151 $128 $107 $90
17 $140 $117 $98 $81
18 $131 $109 $89 $73
19 $123 $101 $82 $66
20 $116 $93 $75 $60
21 $109 $87 $69 $54
22 $103 $81 $64 $49
23 $97 $76 $59 $45
24 $92 $71 $54 $41
25 $88 $67 $50 $37
26 $83 $63 $47 $34
27 $79 $59 $43 $31
28 $76 $56 $40 $29
29 $72 $53 $37 $26
30 $69 $50 $35 $24