How Long Will it Take to Save $50,000?

How much will you need to save every day, every week, and every paycheck to meet your savings goal?
$
%
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 $50,000?
Calculate how much you need to save every day, week, or month to save $50,000. 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 $50,000. 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 $50,000.
Monthly Savings Needed to Save 50,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $4,129 $4,092 $4,056 $4,021
2 $2,044 $2,006 $1,969 $1,933
3 $1,349 $1,311 $1,274 $1,239
4 $1,002 $964 $927 $892
5 $793 $756 $720 $685
6 $655 $617 $582 $548
7 $555 $518 $483 $451
8 $481 $444 $410 $378
9 $423 $387 $353 $322
10 $377 $341 $308 $278
11 $339 $303 $271 $242
12 $308 $272 $240 $212
13 $281 $246 $215 $187
14 $258 $224 $193 $166
15 $239 $204 $174 $148
16 $222 $188 $158 $133
17 $206 $173 $144 $119
18 $193 $160 $131 $107
19 $181 $148 $120 $97
20 $170 $137 $110 $88
21 $160 $128 $101 $80
22 $151 $119 $93 $73
23 $143 $112 $86 $66
24 $136 $105 $80 $60
25 $129 $98 $74 $55
26 $123 $92 $69 $50
27 $117 $87 $64 $46
28 $111 $82 $59 $42
29 $106 $77 $55 $39
30 $102 $73 $51 $35