How Long Will it Take to Save $48,000?

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 $48,000?
Calculate how much you need to save every day, week, or month to save $48,000. 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 $48,000. 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 $48,000.
Monthly Savings Needed to Save 48,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $3,964 $3,928 $3,894 $3,860
2 $1,962 $1,926 $1,890 $1,856
3 $1,295 $1,258 $1,223 $1,189
4 $962 $925 $890 $857
5 $762 $725 $691 $658
6 $628 $592 $558 $526
7 $533 $497 $464 $433
8 $462 $426 $393 $363
9 $406 $371 $339 $309
10 $362 $327 $295 $266
11 $326 $291 $260 $232
12 $296 $261 $231 $203
13 $270 $236 $206 $180
14 $248 $215 $185 $159
15 $229 $196 $167 $142
16 $213 $180 $152 $127
17 $198 $166 $138 $114
18 $185 $153 $126 $103
19 $174 $142 $115 $93
20 $163 $132 $106 $84
21 $154 $123 $97 $77
22 $145 $115 $90 $70
23 $137 $107 $83 $63
24 $130 $101 $77 $58
25 $124 $94 $71 $53
26 $118 $89 $66 $48
27 $112 $83 $61 $44
28 $107 $79 $57 $40
29 $102 $74 $53 $37
30 $98 $70 $49 $34