How Long Will it Take to Save $61,000?

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 $61,000?
Calculate how much you need to save every day, week, or month to save $61,000. 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 $61,000. 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 $61,000.
Monthly Savings Needed to Save 61,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $5,037 $4,992 $4,949 $4,906
2 $2,494 $2,447 $2,402 $2,359
3 $1,646 $1,599 $1,554 $1,511
4 $1,222 $1,176 $1,131 $1,089
5 $968 $922 $878 $836
6 $799 $753 $709 $669
7 $678 $632 $590 $550
8 $587 $542 $500 $461
9 $516 $472 $431 $393
10 $460 $416 $375 $339
11 $414 $370 $331 $295
12 $376 $332 $293 $259
13 $343 $300 $262 $228
14 $315 $273 $235 $203
15 $291 $249 $213 $181
16 $270 $229 $193 $162
17 $252 $211 $175 $145
18 $235 $195 $160 $131
19 $221 $180 $147 $118
20 $207 $168 $135 $107
21 $195 $156 $124 $97
22 $185 $146 $114 $88
23 $175 $136 $105 $81
24 $166 $128 $97 $73
25 $157 $120 $90 $67
26 $150 $113 $84 $61
27 $143 $106 $78 $56
28 $136 $100 $72 $51
29 $130 $94 $67 $47
30 $124 $89 $63 $43