diff --git a/news/544.bugfix.md b/news/544.bugfix.md
new file mode 100644
index 00000000..9f81d5ce
--- /dev/null
+++ b/news/544.bugfix.md
@@ -0,0 +1 @@
+Fixed the progress bar remaining-time placeholder to account for uncompleted steps.
diff --git a/src/cleo/ui/progress_bar.py b/src/cleo/ui/progress_bar.py
index 44b87100..7675c7e1 100644
--- a/src/cleo/ui/progress_bar.py
+++ b/src/cleo/ui/progress_bar.py
@@ -377,7 +377,7 @@ def _formatter_remaining(self) -> str:
             remaining = 0
         else:
             remaining = round(
-                (time.time() - self._start_time) / self._step * (self._max - self._max)
+                (time.time() - self._start_time) / self._step * (self._max - self._step)
             )
 
         return format_time(remaining)
diff --git a/tests/ui/test_progress_bar.py b/tests/ui/test_progress_bar.py
index 75842195..77dcc0ff 100644
--- a/tests/ui/test_progress_bar.py
+++ b/tests/ui/test_progress_bar.py
@@ -1,6 +1,7 @@
 from __future__ import annotations
 
 from typing import TYPE_CHECKING
+from unittest.mock import patch
 
 import pytest
 
@@ -225,6 +226,15 @@ def test_percent(ansi_io: BufferedIO) -> None:
     assert expected == ansi_io.fetch_error()
 
 
+def test_remaining_time_uses_uncompleted_steps(ansi_io: BufferedIO) -> None:
+    with patch("cleo.ui.progress_bar.time.time", return_value=10):
+        bar = ProgressBar(ansi_io, max=10, min_seconds_between_redraws=0)
+        bar._start_time = 0
+        bar._step = 2
+
+        assert bar._formatter_remaining() == "40 secs"
+
+
 def test_overwrite_with_shorter_line(ansi_io: BufferedIO) -> None:
     bar = ProgressBar(ansi_io, 50, 0)
     bar.set_format(" %current%/%max% [%bar%] %percent:3s%%")