How Long Will it Take to Save $5,500?

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 $5,500?
Calculate how much you need to save every day, week, or month to save $5,500. 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 $5,500. 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 $5,500.
Monthly Savings Needed to Save 5,500 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $454 $450 $446 $442
2 $225 $221 $217 $213
3 $148 $144 $140 $136
4 $110 $106 $102 $98
5 $87 $83 $79 $75
6 $72 $68 $64 $60
7 $61 $57 $53 $50
8 $53 $49 $45 $42
9 $47 $43 $39 $35
10 $41 $37 $34 $31
11 $37 $33 $30 $27
12 $34 $30 $26 $23
13 $31 $27 $24 $21
14 $28 $25 $21 $18
15 $26 $22 $19 $16
16 $24 $21 $17 $15
17 $23 $19 $16 $13
18 $21 $18 $14 $12
19 $20 $16 $13 $11
20 $19 $15 $12 $10
21 $18 $14 $11 $9
22 $17 $13 $10 $8
23 $16 $12 $9 $7
24 $15 $12 $9 $7
25 $14 $11 $8 $6
26 $13 $10 $8 $6
27 $13 $10 $7 $5
28 $12 $9 $7 $5
29 $12 $8 $6 $4
30 $11 $8 $6 $4