Savings and budgeting
Savings Goal Calculator: How Much to Deposit
Pick a goal and a deadline, and find the regular deposit that gets you there.
$
$
Deposit frequency
% p.a.
years
Deposit each month
$1,298.00
To reach $100,000 in 5 years.
- Total deposits, including today's balance
- $87,880
- Interest earned
- $12,120
- Total savings
- $100,000
Your savings over time
Show the figures as a tableHide the table
| Year | Balance |
|---|---|
| 0 | $10,000 |
| 1 | $26,420 |
| 2 | $43,595 |
| 3 | $61,559 |
| 4 | $80,348 |
| 5 | $100,000 |
How this calculator works
- Deposits are made at the start of each period and interest compounds at the deposit frequency.
- The interest rate stays the same. 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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