V1R: Yes, trade speed for height (therfore time).
Just for practice, and a bit of education, try this: (assuming aeroplane)
From cruise speed, gradually reduce power (add carb heat if necc.) and increase nose-up trim...slowly...until you are at idle power, full nose-up trim.
Take your hands and feet off.
Let the aircraft descend naturally.
Notice the speed?
And the rate of descent?
And the rate of turn?
Give it a go, it can be an education!
[It's quite a non-event actually, and perfectly safe if the aeroplane is correctly rigged, but the numbers can sometimes be educational]
For aeroplane pilots more experienced, then try applying full power (but watch for the pitch-up, you need to push to counter-act). This has caught many out in the go-around. [Guess why Cessna stopped doing 40 flap aeroplanes?]