How Long Will it Take to Save $6,000?

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 $6,000?
Calculate how much you need to save every day, week, or month to save $6,000. 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 $6,000. 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 $6,000.
Monthly Savings Needed to Save 6,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $495 $491 $487 $483
2 $245 $241 $236 $232
3 $162 $157 $153 $149
4 $120 $116 $111 $107
5 $95 $91 $86 $82
6 $79 $74 $70 $66
7 $67 $62 $58 $54
8 $58 $53 $49 $45
9 $51 $46 $42 $39
10 $45 $41 $37 $33
11 $41 $36 $33 $29
12 $37 $33 $29 $25
13 $34 $30 $26 $22
14 $31 $27 $23 $20
15 $29 $25 $21 $18
16 $27 $23 $19 $16
17 $25 $21 $17 $14
18 $23 $19 $16 $13
19 $22 $18 $14 $12
20 $20 $16 $13 $11
21 $19 $15 $12 $10
22 $18 $14 $11 $9
23 $17 $13 $10 $8
24 $16 $13 $10 $7
25 $15 $12 $9 $7
26 $15 $11 $8 $6
27 $14 $10 $8 $6
28 $13 $10 $7 $5
29 $13 $9 $7 $5
30 $12 $9 $6 $4