How Long Will it Take to Save $97,000?

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 $97,000?
Calculate how much you need to save every day, week, or month to save $97,000. 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 $97,000. 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 $97,000.
Monthly Savings Needed to Save 97,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $8,010 $7,939 $7,869 $7,801
2 $3,965 $3,892 $3,820 $3,751
3 $2,617 $2,543 $2,472 $2,403
4 $1,943 $1,870 $1,799 $1,731
5 $1,539 $1,466 $1,396 $1,330
6 $1,270 $1,197 $1,128 $1,063
7 $1,077 $1,005 $937 $874
8 $933 $862 $795 $733
9 $821 $750 $685 $625
10 $732 $661 $597 $539
11 $658 $589 $526 $469
12 $597 $528 $466 $411
13 $546 $477 $417 $363
14 $501 $434 $374 $322
15 $463 $396 $338 $287
16 $430 $364 $307 $257
17 $400 $335 $279 $231
18 $374 $310 $255 $208
19 $351 $287 $233 $188
20 $330 $267 $214 $170
21 $311 $248 $197 $155
22 $293 $232 $181 $141
23 $278 $217 $167 $128
24 $263 $203 $155 $117
25 $250 $191 $143 $107
26 $238 $179 $133 $98
27 $227 $169 $124 $89
28 $216 $159 $115 $82
29 $206 $150 $107 $75
30 $197 $142 $100 $69