Deposit Savings Calculator (2026)
Calculate how long it will take to save for a house deposit in Australia. Enter your target, current savings, monthly contributions, and interest rate to see your timeline.
Balance(n) = Balance(n-1) × (1 + annualRatePercent/100/12) + Monthly SavingsInputs
Positive savings target, up to $100 million
Existing savings, from $0 to $100 million
Month-end contribution, from $0 to $100 million
Constant annual rate from 0% to 20%; check your account conditions
49.00
Years to Goal
4.10
Total Interest Earned
$13,387.00
Total Saved
$131,387.00
Save and compare scenarios
Save up to five snapshots in this browser. They are not synced across devices. Shared links contain your inputs: anyone receiving the link can read them.
Indicative estimates based on the inputs shown and calculator assumptions at the time saved. Results may change when rules or methods are updated. General information only, not a quote, approval or recommendation. See the methodology and source notes on this page. CSV exports include their export timestamp.
Savings Growth Over Time
How this deposit estimate works
Interest is added monthly, then your contribution is added at the end of the month. For example, $10,000 at 6% a year plus $500 at month end becomes $10,550 after one month. The target and interest rate stay fixed, and the projection stops after 600 months (50 years).
A zero monthly contribution can still reach the target if existing savings earn enough interest. A target already covered by current savings takes zero months. Calculations use unrounded balances; displayed dollars are rounded.
This estimate excludes tax on interest, account fees, withdrawals, inflation and changes in property prices. Bonus rates may have conditions. A deposit does not establish borrowing capacity or grant eligibility. General information only, not financial or credit advice, a quote or a recommendation.
Read the Savings Shortfall explanation to distinguish a deposit-only target from the full purchase cash goal.
Allow separately for buying costs using the Property Purchase Cost Calculator, or compare a fixed savings period with the Compound Interest Calculator.
Sources: ASIC Moneysmart compound interest assumptions and saving for a house deposit. The Moneysmart savings goals calculator uses start-of-period payments, so its results can differ. Last reviewed: 9 September 2026.
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