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Open the original Savings goals calculator on MoneySmart
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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.
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