How Long to Save $50,000 for a House Down Payment?
Saving $1,000 per month at 4% interest from scratch will take approximately 47 months to reach a $50,000 down payment.
How to use this tool
- Enter savings goal, current savings, monthly deposit and annual interest rate in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your months to reach goal and the full breakdown beneath it.
Plan your timeline to save a $50,000 down payment for a home with monthly contributions and interest.
Frequently asked questions
- Does interest speed things up?
- Yes. With a positive rate your balance compounds while you save, so you reach the goal a little sooner than deposits alone would suggest.