So, I've written a timer to start when the page loads, and to stop when the user clicks a "finished" button

<br><button id = "finish" onclick = "stopTimer();">Done</button>

My code works fine, I was just wondering if there's a simpler/easier/faster way to implement a timer in Javascript?

//Stop timer function
function stopTimer() {
    clearInterval(time);
}

//Start timer function
var secTime = 0,
      minTime = 0,
      hourTime = 0;

var time =  setInterval(function(){
    var maxSec = 59,
        maxMin = 59,
        maxHour = 59;
if(secTime > maxSec){
      minTime++;
      if(minTime > maxMin){
        hourTime++;
        if(hourTime > maxHour){
          hourTime = 0;
          minTime = 0;
          secTime = 0;
        }
        minTime = 0
      }
      secTime = 0;
    }    
        var newSec = (secTime.toString().length == 1) ? '0' + secTime : secTime,
            newMin = (minTime.toString().length == 1) ? '0' + minTime : minTime,
            newHour = (hourTime.toString().length == 1) ? '0' + hourTime : hourTime;

        document.getElementById('timer').innerHTML = newHour + ':' + newMin + ':' + newSec;

    secTime++;    
}, 1000);

I've written a timer to start when the page loads, and to stop when the user clicks a "finished" button:

<br><button id = "finish" onclick = "stopTimer();">Done</button>

My code works fine, but I was just wondering if there's a simpler/easier/faster way to implement a timer in JavaScript.

//Stop timer function
function stopTimer() {
    clearInterval(time);
}

//Start timer function
var secTime = 0,
      minTime = 0,
      hourTime = 0;

var time =  setInterval(function(){
    var maxSec = 59,
        maxMin = 59,
        maxHour = 59;
if(secTime > maxSec){
      minTime++;
      if(minTime > maxMin){
        hourTime++;
        if(hourTime > maxHour){
          hourTime = 0;
          minTime = 0;
          secTime = 0;
        }
        minTime = 0
      }
      secTime = 0;
    }    
        var newSec = (secTime.toString().length == 1) ? '0' + secTime : secTime,
            newMin = (minTime.toString().length == 1) ? '0' + minTime : minTime,
            newHour = (hourTime.toString().length == 1) ? '0' + hourTime : hourTime;

        document.getElementById('timer').innerHTML = newHour + ':' + newMin + ':' + newSec;

    secTime++;    
}, 1000);