Savings Goal Calculator Australia
Estimate how long it may take to reach a savings goal based on your starting balance, regular contributions and interest rate.
Time to goal
76 months
6.3 years
Estimated final balance
$50,519.05
Monthly contribution equivalent
$500.00
Disclaimer: Savings results are estimates only and do not include tax on interest, bank fees or future rate changes.
What this calculator estimates
- •Months to reach your savings goal
- •Final balance estimate
- •Monthly contribution equivalent
- •Compound interest effect
What affects the result
- •Starting balance
- •Contribution amount and frequency
- •Interest rate
- •Bank fees and tax on interest
- •Changes to contributions over time
Frequently asked questions
Does it include tax on interest?
No. It estimates before tax on savings interest.
Does interest compound monthly?
This calculator compounds monthly for a simple estimate.
Can rates change?
Yes. Savings account rates can change at any time.
Is it financial advice?
No. It is an estimate only.
Independent estimate disclaimer
Oz Pay Check is an independent, privately operated calculator website. Results are estimates only and do not constitute financial, tax, legal, lending, property, employment, Centrelink, Services Australia, ATO or government advice. Actual results may differ due to lender rules, state laws, awards, agreements, government assessment, transaction dates, concessions, exemptions, tax treatment and your personal circumstances.