Australia·Calculators·Savings goal

Savings goal calculator

Work backwards from the amount you need to save.

Your numbers

Goal

A$AUD

Already saved

A$AUD

Annual return

% p.a.

Years to get there

years

Put away each month:

A$360.42

For 5 years

GoalA$30,000

You contributeA$26,625

Growth coversA$3,375

Projected totalA$30,000

An estimate from the inputs you enter, not financial advice and not a forecast. Read the assumptions and exclusions on this page before relying on it.

User-supplied annual nominal return compounded monthly. Required contribution is rounded up to the next cent and added at each month end. No tax, fees, inflation, withdrawals or variation in return. Scenario only: the supplied return is not a forecast or guaranteed rate. An estimate from the inputs you enter, not financial advice and not a forecast. Read the assumptions and exclusions on this page before relying on it.

Source: your own figures · user scenario, not a forecast or offerThe arithmetic is the same in every country

How it works

The calculator solves for the monthly amount that gets you from what you have now to what you need, given the return you enter. Growth does part of the work, which is why the contribution is lower than the gap divided by the months.

Common questions

What return should I enter?

For a goal under three years, use a savings or term deposit rate. Over longer periods people often use a fund's long-run average, but that average is not a promise about your particular years.

The rules behind this calculator

Written up, with the page each rule came from.

2 min read

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