How Long Will it Take to Save $64,000?

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 $64,000?
Calculate how much you need to save every day, week, or month to save $64,000. 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 $64,000. 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 $64,000.
Monthly Savings Needed to Save 64,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $5,285 $5,238 $5,192 $5,147
2 $2,616 $2,568 $2,520 $2,475
3 $1,727 $1,678 $1,631 $1,586
4 $1,282 $1,233 $1,187 $1,142
5 $1,016 $967 $921 $877
6 $838 $790 $744 $702
7 $711 $663 $619 $577
8 $616 $568 $525 $484
9 $542 $495 $452 $412
10 $483 $436 $394 $355
11 $434 $388 $347 $309
12 $394 $349 $308 $271
13 $360 $315 $275 $239
14 $331 $286 $247 $213
15 $306 $262 $223 $190
16 $284 $240 $202 $170
17 $264 $221 $184 $153
18 $247 $204 $168 $137
19 $231 $189 $154 $124
20 $218 $176 $141 $112
21 $205 $164 $130 $102
22 $194 $153 $120 $93
23 $183 $143 $110 $85
24 $174 $134 $102 $77
25 $165 $126 $95 $70
26 $157 $118 $88 $64
27 $150 $111 $82 $59
28 $143 $105 $76 $54
29 $136 $99 $71 $50
30 $130 $93 $66 $45