How Long Will it Take to Save $60,000?

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 $60,000?
Calculate how much you need to save every day, week, or month to save $60,000. 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 $60,000. 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 $60,000.
Monthly Savings Needed to Save 60,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $4,955 $4,911 $4,868 $4,826
2 $2,453 $2,407 $2,363 $2,320
3 $1,619 $1,573 $1,529 $1,486
4 $1,202 $1,156 $1,113 $1,071
5 $952 $907 $863 $823
6 $785 $740 $698 $658
7 $666 $622 $580 $541
8 $577 $533 $492 $454
9 $508 $464 $424 $386
10 $452 $409 $369 $333
11 $407 $364 $325 $290
12 $369 $327 $289 $254
13 $338 $295 $258 $224
14 $310 $268 $232 $199
15 $287 $245 $209 $178
16 $266 $225 $190 $159
17 $248 $207 $173 $143
18 $231 $191 $157 $129
19 $217 $177 $144 $116
20 $204 $165 $132 $105
21 $192 $154 $122 $96
22 $181 $143 $112 $87
23 $172 $134 $104 $79
24 $163 $126 $96 $72
25 $155 $118 $89 $66
26 $147 $111 $82 $60
27 $140 $104 $76 $55
28 $134 $98 $71 $51
29 $128 $93 $66 $46
30 $122 $88 $62 $43