Savings Goal Calculator
Enter your savings goal, current savings, and interest rate. Calculate how much you need to save per month, fortnight, or week — or find out how long it will take to reach your target with a fixed monthly contribution.
Last verified: 5 May 2026Reviewed by the Savings Mate editorial team — figures fact-checked against the ATO, Services Australia and ASIC MoneySmart.
How long will it take to save $100,000?
At a competitive high-interest savings rate of 5% p.a., starting from zero, saving $1,500/month gets you to $100,000 in about 4 years 10 months. $2,000/month gets there in 3 years 10 months. Add an existing $20,000 head start and the timeline drops by roughly 11-14 months. Source: ASIC MoneySmart; RBA retail deposit and lending rates.
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.
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