diff --git a/packages/editor/src/components/table-of-contents/panel.js b/packages/editor/src/components/table-of-contents/panel.js
index 48ca98c2fd04a..7e1b9ed5c7512 100644
--- a/packages/editor/src/components/table-of-contents/panel.js
+++ b/packages/editor/src/components/table-of-contents/panel.js
@@ -9,6 +9,7 @@ import { store as blockEditorStore } from '@wordpress/block-editor';
  * Internal dependencies
  */
 import WordCount from '../word-count';
+import TimeToRead from '../time-to-read';
 import DocumentOutline from '../document-outline';
 import CharacterCount from '../character-count';
 
@@ -38,6 +39,10 @@ function TableOfContentsPanel( { hasOutlineItemsDisabled, onRequestClose } ) {
 				tabIndex="0"
 			>
 				<ul role="list" className="table-of-contents__counts">
+					<li className="table-of-contents__count">
+						{ __( 'Words' ) }
+						<WordCount />
+					</li>
 					<li className="table-of-contents__count">
 						{ __( 'Characters' ) }
 						<span className="table-of-contents__number">
@@ -45,8 +50,8 @@ function TableOfContentsPanel( { hasOutlineItemsDisabled, onRequestClose } ) {
 						</span>
 					</li>
 					<li className="table-of-contents__count">
-						{ __( 'Words' ) }
-						<WordCount />
+						{ __( 'Time to read' ) }
+						<TimeToRead />
 					</li>
 					<li className="table-of-contents__count">
 						{ __( 'Headings' ) }
diff --git a/packages/editor/src/components/time-to-read/index.js b/packages/editor/src/components/time-to-read/index.js
new file mode 100644
index 0000000000000..0ff85b2e717d0
--- /dev/null
+++ b/packages/editor/src/components/time-to-read/index.js
@@ -0,0 +1,59 @@
+/**
+ * WordPress dependencies
+ */
+import { useSelect } from '@wordpress/data';
+import { _x, _n, __, sprintf } from '@wordpress/i18n';
+import { count as wordCount } from '@wordpress/wordcount';
+import { createInterpolateElement } from '@wordpress/element';
+
+/**
+ * Internal dependencies
+ */
+import { store as editorStore } from '../../store';
+
+/**
+ * Average reading rate - based on average taken from
+ * https://irisreading.com/average-reading-speed-in-various-languages/
+ * (Characters/minute used for Chinese rather than words).
+ *
+ * @type {number} A rough estimate of the average reading rate across multiple languages.
+ */
+const AVERAGE_READING_RATE = 189;
+
+export default function TimeToRead() {
+	const content = useSelect(
+		( select ) => select( editorStore ).getEditedPostAttribute( 'content' ),
+		[]
+	);
+
+	/*
+	 * translators: If your word count is based on single characters (e.g. East Asian characters),
+	 * enter 'characters_excluding_spaces' or 'characters_including_spaces'. Otherwise, enter 'words'.
+	 * Do not translate into your own language.
+	 */
+	const wordCountType = _x( 'words', 'Word count type. Do not translate!' );
+	const minutesToRead = Math.round(
+		wordCount( content, wordCountType ) / AVERAGE_READING_RATE
+	);
+	const minutesToReadString =
+		minutesToRead === 0
+			? createInterpolateElement( __( '<span>< 1</span> minute' ), {
+					span: <span className="table-of-contents__number" />,
+			  } )
+			: createInterpolateElement(
+					sprintf(
+						/* translators: %s is the number of minutes the post will take to read. */
+						_n(
+							'<span>%d</span> minute',
+							'<span>%d</span> minutes',
+							minutesToRead
+						),
+						minutesToRead
+					),
+					{
+						span: <span className="table-of-contents__number" />,
+					}
+			  );
+
+	return <span className="time-to-read">{ minutesToReadString }</span>;
+}