Source: MoneySmart
Open the original Savings goals calculator on MoneySmart
MoneySmart
Open Loans Calculator
Savings goals calculator
Plan a savings target in the way that suits you best: estimate the balance you could build, work out how long a goal may take, or find the monthly amount you need to put aside.
Best for
- Building an emergency fund or house deposit plan
- Comparing different savings timeframes
- Turning a target amount into a monthly habit
Scenario inputs
Choose the planning mode first, then enter the same core savings assumptions the MoneySmart calculator uses.
Results
Each result uses start-of-period savings contributions, just like the original MoneySmart calculator logic.
Starting from $5,000 and saving $400 monthly, this scenario reaches $33,733 in 5 years.
Balance over time
Track how the projected balance builds across the current plan.
Projected balance
Year 5
Yearly build-up
Last six milestones for the current plan| Milestone | Savings added | Interest earned | Total balance |
|---|---|---|---|
| Year 1 | $4,800 | $388 | $10,188 |
| Year 2 | $9,600 | $1,041 | $15,641 |
| Year 3 | $14,400 | $1,973 | $21,373 |
| Year 4 | $19,200 | $3,199 | $27,399 |
| Year 5 | $24,000 | $4,733 | $33,733 |
How these estimates work
- Interest rate is capped at 10% and contributions are added at the start of each savings period.
- If you choose a monthly timeframe, the calculator uses monthly saving steps to keep the projection consistent.
- Time-to-target estimates can include a partial final month where needed.
- The deadline planner expresses the answer as a monthly savings amount.
Banking and budgeting
More tools beyond Savings goals calculator
Budget planner
Map your income, bills, everyday spending and savings in one clear household budget.
Compound interest calculator
See how an initial balance and regular deposits can grow over time.
Simple money manager
Check whether money coming in is covering money going out over your chosen period.
Account-based pension calculator
Model withdrawals, minimum pension payments and how long a balance may last.
Credit card calculator
Estimate payoff time, total interest and the impact of paying more than the minimum.
Employer contributions calculator
Estimate compulsory employer super contributions from your income and work pattern.
GST calculator
Add GST, remove GST, and compare before-tax and after-tax prices in seconds.
Income tax calculator
Estimate tax, Medicare levy and take-home pay from your income inputs.
Interest-free deal calculator
Measure the true cost of an interest-free purchase once fees and repayment windows are included.
Interest-only mortgage calculator
See repayments during the interest-only period and what changes afterward.