How Long Will it Take to Save $59,000?

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 $59,000?
Calculate how much you need to save every day, week, or month to save $59,000. 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 $59,000. 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 $59,000.
Monthly Savings Needed to Save 59,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $4,872 $4,829 $4,786 $4,745
2 $2,412 $2,367 $2,324 $2,281
3 $1,592 $1,547 $1,503 $1,462
4 $1,182 $1,137 $1,094 $1,053
5 $936 $892 $849 $809
6 $772 $728 $686 $647
7 $655 $611 $570 $532
8 $568 $524 $484 $446
9 $499 $456 $417 $380
10 $445 $402 $363 $328
11 $400 $358 $320 $285
12 $363 $321 $284 $250
13 $332 $290 $253 $221
14 $305 $264 $228 $196
15 $282 $241 $206 $175
16 $261 $221 $186 $156
17 $243 $204 $170 $141
18 $228 $188 $155 $127
19 $213 $175 $142 $114
20 $201 $162 $130 $104
21 $189 $151 $120 $94
22 $178 $141 $110 $86
23 $169 $132 $102 $78
24 $160 $124 $94 $71
25 $152 $116 $87 $65
26 $145 $109 $81 $59
27 $138 $103 $75 $54
28 $131 $97 $70 $50
29 $126 $91 $65 $46
30 $120 $86 $61 $42