How long does it take to save $10,000?
Starting from $0, saving $500 a month gets you to $10,000 in 20 months, which is 1 yr 8 mo, before interest. The table shows other monthly amounts.
Open the savings plan with $10,000 filled in
Months to reach $10,000 from $0
| Saved per month | At 0% | At 0.37% APY* |
|---|---|---|
| $100 | 100 mo (8 yr 4 mo) | 99 mo (8 yr 3 mo) |
| $200 | 50 mo (4 yr 2 mo) | 50 mo (4 yr 2 mo) |
| $300 | 34 mo (2 yr 10 mo) | 34 mo (2 yr 10 mo) |
| $400 | 25 mo (2 yr 1 mo) | 25 mo (2 yr 1 mo) |
| $500 | 20 mo (1 yr 8 mo) | 20 mo (1 yr 8 mo) |
| $600 | 17 mo (1 yr 5 mo) | 17 mo (1 yr 5 mo) |
| $700 | 15 mo (1 yr 3 mo) | 15 mo (1 yr 3 mo) |
| $800 | 13 mo (1 yr 1 mo) | 13 mo (1 yr 1 mo) |
| $900 | 12 mo (1 yr) | 12 mo (1 yr) |
| $1,000 | 10 mo (10 mo) | 10 mo (10 mo) |
*The FDIC national average savings rate is 0.37%, from rate data dated September 21, 2026 (checked October 16, 2026). Source . Deposits are at the end of each month, starting from $0.
Get a date, not just a number
The table counts months. The savings plan turns them into calendar dates, starts from what you have already saved, and checks the amount against your income and expenses. If you already know how much you can save, the savings goal calculator works backward from a date.
Frequently asked questions
How long does it take to save $10,000?
It depends on what you can put away each month. Saving $500 a month takes 20 months with no interest; the table above shows every amount from $100 to $1,000 a month.
Does interest make a big difference?
At the FDIC national average savings rate, very little over a short stretch, as the two columns show. Your own account’s rate may be different, so try it in the high-yield savings calculator.
What if I already have some money saved?
Subtract it from $10,000 first, or enter it as “already saved” in the savings plan, which also gives you dates.
How do I know how much I can save?
Subtract your expenses from your take-home pay. The savings plan does this for you and shows when your surplus reaches $10,000.
Sources
- FDIC: National Rates and Rate Caps (national average savings rate) (checked October 16, 2026)