Whether the central nervous system minimizes variability or effort in planning arm movements can be tested by measuring the preferred movement duration and end-point variability. Here we conducted an experiment in which subjects performed arm reaching movements without visual feedback in fast-, medium-, slow-, and preferred-duration conditions. Results show that 1) total end-point variance was smallest in the medium-duration condition and 2) subjects preferred to carry out movements that were slower than this medium-duration condition. A parsimonious explanation for the overall pattern of end-point errors across fast, medium, preferred, and slow movement durations is that movements are planned to minimize effort as well as end-point error due to both signal-dependent and constant noise.