How Long Will it Take to Save $94,000?

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 $94,000?
Calculate how much you need to save every day, week, or month to save $94,000. 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 $94,000. 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 $94,000.
Monthly Savings Needed to Save 94,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $7,762 $7,693 $7,626 $7,560
2 $3,843 $3,771 $3,702 $3,635
3 $2,536 $2,465 $2,395 $2,329
4 $1,883 $1,812 $1,743 $1,678
5 $1,492 $1,420 $1,353 $1,289
6 $1,231 $1,160 $1,093 $1,031
7 $1,044 $974 $909 $847
8 $904 $835 $770 $711
9 $796 $727 $664 $605
10 $709 $641 $579 $522
11 $638 $570 $509 $454
12 $579 $512 $452 $398
13 $529 $463 $404 $352
14 $486 $421 $363 $312
15 $449 $384 $328 $278
16 $416 $353 $297 $249
17 $388 $325 $270 $224
18 $363 $300 $247 $202
19 $340 $278 $226 $182
20 $319 $258 $207 $165
21 $301 $241 $191 $150
22 $284 $225 $176 $136
23 $269 $210 $162 $124
24 $255 $197 $150 $113
25 $242 $185 $139 $103
26 $231 $174 $129 $95
27 $220 $163 $120 $87
28 $210 $154 $111 $79
29 $200 $145 $104 $73
30 $191 $137 $96 $67