The Savings Calculator allows you to input your current savings plan details to work out how long it will take you to reach your savings goal. You can input your variables onto the screen and then click on the "Calculate Now" button. Your results will show you how long it will take you to reach your savings goal. You will also see a graph showing the progressive build up of savings until you reach your goal, a pie chart showing the percentage of interest to saving deposits and a schedule of the progressive savings.
You can also play around with your calculations and see the effects if you "Put more money into savings" or were able to achieve a "Higher / lower interest rate" by selecting the applicable tab. Please note that these calculations work independently of each other, so if you want to see both the extra money and the higher / lower rate, you will need to increase the savings amount or change the interest rate in the original input section and then go to the applicable tab.
Saving for a specific amount
Input variables
E.g. Car, Holiday, House deposit etc
$
Enter the amount you'd like to save. E.g. $2000. Do not use commas or spaces.
$
How much will you put away every month. E.g. $200. Do not use commas or spaces.
%
Enter the amount of interest you will receive. E.g. 7
$
Enter the amount of your inital savings. E.g. $200. Do not use commas or spaces.
