How Long Will it Take to Save $70,000?

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 $70,000?
Calculate how much you need to save every day, week, or month to save $70,000. 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 $70,000. 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 $70,000.
Monthly Savings Needed to Save 70,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $5,781 $5,729 $5,679 $5,630
2 $2,862 $2,808 $2,757 $2,707
3 $1,889 $1,835 $1,784 $1,734
4 $1,402 $1,349 $1,298 $1,249
5 $1,111 $1,058 $1,007 $960
6 $916 $864 $814 $767
7 $778 $725 $677 $631
8 $673 $622 $574 $529
9 $593 $541 $494 $451
10 $528 $477 $431 $389
11 $475 $425 $379 $338
12 $431 $381 $337 $297
13 $394 $345 $301 $262
14 $362 $313 $270 $232
15 $334 $286 $244 $207
16 $310 $263 $221 $186
17 $289 $242 $201 $167
18 $270 $223 $184 $150
19 $253 $207 $168 $136
20 $238 $192 $154 $123
21 $224 $179 $142 $112
22 $212 $167 $131 $102
23 $200 $156 $121 $92
24 $190 $147 $112 $84
25 $180 $138 $104 $77
26 $172 $129 $96 $70
27 $164 $122 $89 $64
28 $156 $115 $83 $59
29 $149 $108 $77 $54
30 $142 $102 $72 $50