How Long Will it Take to Save $42,000?

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 $42,000?
Calculate how much you need to save every day, week, or month to save $42,000. 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 $42,000. 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 $42,000.
Monthly Savings Needed to Save 42,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $3,468 $3,437 $3,407 $3,378
2 $1,717 $1,685 $1,654 $1,624
3 $1,133 $1,101 $1,070 $1,040
4 $841 $809 $779 $750
5 $666 $635 $604 $576
6 $550 $518 $488 $460
7 $467 $435 $406 $379
8 $404 $373 $344 $318
9 $356 $325 $297 $270
10 $317 $286 $259 $233
11 $285 $255 $228 $203
12 $259 $229 $202 $178
13 $236 $207 $180 $157
14 $217 $188 $162 $139
15 $201 $172 $146 $124
16 $186 $158 $133 $111
17 $173 $145 $121 $100
18 $162 $134 $110 $90
19 $152 $124 $101 $81
20 $143 $115 $93 $74
21 $135 $108 $85 $67
22 $127 $100 $79 $61
23 $120 $94 $73 $55
24 $114 $88 $67 $51
25 $108 $83 $62 $46
26 $103 $78 $58 $42
27 $98 $73 $53 $39
28 $94 $69 $50 $35
29 $89 $65 $46 $32
30 $85 $61 $43 $30