How Long Will it Take to Save $47,000?

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 $47,000?
Calculate how much you need to save every day, week, or month to save $47,000. 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 $47,000. 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 $47,000.
Monthly Savings Needed to Save 47,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $3,881 $3,847 $3,813 $3,780
2 $1,921 $1,886 $1,851 $1,817
3 $1,268 $1,232 $1,198 $1,164
4 $942 $906 $872 $839
5 $746 $710 $676 $644
6 $615 $580 $547 $515
7 $522 $487 $454 $424
8 $452 $417 $385 $355
9 $398 $363 $332 $303
10 $354 $320 $289 $261
11 $319 $285 $255 $227
12 $289 $256 $226 $199
13 $264 $231 $202 $176
14 $243 $210 $181 $156
15 $224 $192 $164 $139
16 $208 $176 $149 $125
17 $194 $162 $135 $112
18 $181 $150 $123 $101
19 $170 $139 $113 $91
20 $160 $129 $104 $83
21 $151 $120 $95 $75
22 $142 $112 $88 $68
23 $135 $105 $81 $62
24 $128 $98 $75 $57
25 $121 $92 $69 $52
26 $115 $87 $64 $47
27 $110 $82 $60 $43
28 $105 $77 $56 $40
29 $100 $73 $52 $36
30 $96 $69 $48 $33