How Long Will it Take to Save $49,000?

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 $49,000?
Calculate how much you need to save every day, week, or month to save $49,000. 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 $49,000. 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 $49,000.
Monthly Savings Needed to Save 49,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $4,046 $4,010 $3,975 $3,941
2 $2,003 $1,966 $1,930 $1,895
3 $1,322 $1,285 $1,249 $1,214
4 $982 $944 $909 $875
5 $778 $740 $705 $672
6 $641 $605 $570 $537
7 $544 $508 $474 $442
8 $471 $435 $402 $370
9 $415 $379 $346 $316
10 $370 $334 $302 $272
11 $333 $297 $266 $237
12 $302 $267 $236 $208
13 $276 $241 $211 $183
14 $253 $219 $189 $163
15 $234 $200 $171 $145
16 $217 $184 $155 $130
17 $202 $169 $141 $117
18 $189 $156 $129 $105
19 $177 $145 $118 $95
20 $167 $135 $108 $86
21 $157 $125 $99 $78
22 $148 $117 $92 $71
23 $140 $110 $85 $65
24 $133 $103 $78 $59
25 $126 $96 $72 $54
26 $120 $91 $67 $49
27 $114 $85 $62 $45
28 $109 $80 $58 $41
29 $104 $76 $54 $38
30 $100 $72 $50 $35