Calculator

Savings goal

Work out how long your regular savings will take to hit a target — or flip it around and see how much you need to save each week, fortnight or month to reach a deadline. Inputs stay on your device, nothing is sent anywhere.

How long it takes
How much to save
$

How much you can put aside each period. The calculator tells you how long until you hit your target.

Weekly
Fortnightly
Monthly
$
$
%

Leave at 0% for a simple result, or enter what your savings account is earning (for example 3%) to see interest grow the balance for you.

Interest is estimated on the balance each period at a flat rate for the whole savings journey.

Time to goal
Estimated time to reach your goal
—
Total interest earned
—
on top of what you save
You'll contribute
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Goal reached
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What it looks like as a weekly plan
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Common questions

Savings goal questions, answered

How much should I save each week to reach a savings goal?

It depends on the size of your target and how quickly you want to get there. For a $5,000 goal in 12 months you'd put aside about $96 a week, $192 a fortnight or $417 a month. Enter your target and deadline here and the calculator works the figure out backwards for you.

How long will it take to save for my goal?

Add up what you've already saved and what you can put aside each week, fortnight or month, and the calculator shows how many weeks or months it will take to close the gap. A bigger regular contribution, or a larger starting balance, gets you there faster.

Does the interest I earn on savings make a difference?

Yes. Money earning interest in a savings account grows on its own, so you may need to contribute a little less (or wait a little less time). Enter your rate — for example 3% — and it's included. The interest is optional, so leave the rate at 0% for a simple number.

What is the best way to save for a big goal in New Zealand?

Automate it. Set up a regular transfer into a separate, high-interest savings account on payday so the money moves before you can spend it. A first-home deposit and a rainy-day emergency fund are two of the most common big goals New Zealanders save toward.