Saving Calculator

Making a savings goal realistic

A savings goal is easier to reach once you know what it takes each week or month. Enter your target, what you have saved already, how much you can put aside regularly and the interest rate you expect to earn. The calculator shows how long it will take.

Adjust the regular amount to see how much time an extra $50 or $100 a payday saves. If you are saving for a home deposit, remember to allow for buying costs such as stamp duty and legal fees, not just the deposit itself.

Lenders also look at how you saved. A steady record of regular deposits over several months supports a home loan application. An NLG broker can tell you what lenders will want to see and when you are likely to be ready to apply.

Results are estimates for general information only. They are not credit advice and do not take into account your objectives, financial situation or needs. Speak with an NLG broker before making a decision.