Savings and budgeting
Savings Goal Calculator: How Long to Save
Set a goal and a regular deposit, and see how long it takes to get there.
$
$
% p.a.
$
Deposit frequency
Time to reach your goal
3 years, 6 months
Depositing $1,500 each month.
- Total deposits, including today's balance
- $72,948
- Interest earned
- $7,052
- Total savings
- $80,000
Your savings over time
Show the figures as a tableHide the table
| Year | Balance |
|---|---|
| 0 | $10,000 |
| 1 | $28,904 |
| 2 | $48,677 |
| 3 | $69,358 |
| 4 | $80,000 |
How this calculator works
- Deposits are made at the start of each period and interest compounds at the deposit frequency.
- The final deposit is only as large as needed to reach your goal.
- Account fees and tax on interest are not included.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
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