How Long Will it Take to Save $98,000?

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 $98,000?
Calculate how much you need to save every day, week, or month to save $98,000. 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 $98,000. 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 $98,000.
Monthly Savings Needed to Save 98,000 by Years and Interest Earned
Years Monthly Savings at 2% Monthly Savings at 4% Monthly Savings at 6% Monthly Savings at 8%
1 $8,093 $8,021 $7,950 $7,882
2 $4,006 $3,932 $3,859 $3,789
3 $2,644 $2,569 $2,497 $2,428
4 $1,963 $1,889 $1,817 $1,749
5 $1,555 $1,481 $1,410 $1,343
6 $1,283 $1,209 $1,140 $1,074
7 $1,089 $1,015 $947 $883
8 $943 $870 $803 $741
9 $830 $758 $692 $631
10 $739 $668 $603 $544
11 $665 $595 $531 $474
12 $603 $534 $471 $415
13 $551 $482 $421 $367
14 $507 $438 $378 $325
15 $468 $401 $342 $290
16 $434 $368 $310 $260
17 $404 $338 $282 $234
18 $378 $313 $257 $210
19 $354 $290 $235 $190
20 $333 $269 $216 $172
21 $314 $251 $199 $156
22 $296 $234 $183 $142
23 $281 $219 $169 $129
24 $266 $205 $156 $118
25 $253 $193 $145 $108
26 $240 $181 $134 $99
27 $229 $170 $125 $90
28 $218 $161 $116 $83
29 $209 $151 $108 $76
30 $199 $143 $101 $70