# How much should I be saving a month?

## How long will it take me to save 200k?

Savings target | If you have saved $200/month | If you have saved $400/month |
---|---|---|

$10,000 | 50 months | 25 months |

$20,000 | 100 months | 50 months |

$30,000 | 150 months | 75 months |

$40,000 | 200 months | 100 months |

How much money do I need to save 1000 in 6 **months**? Five percent is a good place to start, but more is obviously better. If you get paid every two weeks, just $84 a paycheck will get you to your $1,000 goal in six months. Cut down. For many of you, there may be obvious places to cut back on what you use.

### How long would it take to save up 100k?

If you make at least $45,000 a year, you can potentially save your first $100k in just 5 **years**. This is how. The first $100,000 is the hardest to save. It’s a common mantra on wealth building blogs and investor forums.

## What is a good amount to save per month?

At least 20% of your income should go into savings. Meanwhile, another 50% (maximum) should go to necessities, while 30% goes to discretionary items. See the article : **Is karate useful in a real fight?**. This is called the 50/30/20 rule of thumb, and it gives you a quick and easy way to budget your money.

Is it good to save NOK 2,000 a month? Yes, saving $2000 per month is good. Given an average return of 7% per year, saving two thousand dollars per month for 20 years will end up being $1,000,000. However, with other strategies, you can reach over $3 million in 20 years, saving just $2,000 per month.