Savings Goal Calculator

Work out how long it'll take to reach your savings goal — or how much you need to set aside each period to get there on time.

Time to reach goal 0 yrs at current rate
Time to reach your goal
0 years
to reach $50,000
Starting balance: $0
Contributions: $0
Interest earned: $0
Where you are right now
$0 saved (0%) Goal: $50,000
You need $45,000 more to reach your goal.
Total interest earned
$0
0% of goal
Total contributions
$0
your deposits
Effective rate
0%
per year
Where your final balance comes from
Balance growth toward your goal
Year 1
Starting balance
$0
Contributions
$0
Interest earned
$0
Balance
$0
👆 Tap or drag on the chart to see year-by-year details
Want help reaching your goal faster?
Get a free personalised savings plan — including the best account types and interest rates to help you get there sooner.
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📋 Year-by-year breakdown ⌄
Year Contributions Interest Balance
💰
Want a better return on your savings?
We compare high-interest savings accounts and term deposits across major banks. Find out if you could be earning more.
Your goal $50,000 · starting from $5,000
⌄
Savings goal
$
Starting balance How much you've already saved
$
Regular contribution $300 / month
⌄
Amount
$
Frequency
Interest rate 5.0% · monthly compounding
⌄
Annual interest rate High-interest savings: ~5%
%
Compounding