A BIGGER PICTURE FOR NEW ZEALAND
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FINANCIAL TOOLS / Everyday money

Savings goal

Work out the monthly saving needed for a target and a timeframe.

Make it your own

Start with an example, then change any value. Enter 0 for none; a blank field cannot be calculated. All money amounts are NZD.

Your entries stay in this calculator. They are not saved or sent anywhere.

Your estimate

Estimated monthly saving needed

$652.03

Save at the end of each month for 3 years. The estimate uses an unrounded payment; a bank payment rounded to cents may differ slightly.

Target balance
$30,000.00
Projected final balance
$30,000.00
Additional contributions
$23,473.09
Illustrative amounts over time, in NZDYear 0: $5,000.00. Year 3: $30,000.00. All chart values are available in the expandable text list below.$30K$0Year 0Year 3
Illustrative amounts in NZD. Engine-provided chart points may be rounded to whole dollars; headline figures use the engine’s summary precision.
View all chart values
Year 0
$5,000.00
Year 1
$13,084.93
Year 2
$21,415.77
Year 3
$30,000.00

What this estimate assumes

  • Equal contributions arrive at month end. The assumed nominal annual return is divided by 12 and compounded monthly.
  • The target is a future NZD amount, not adjusted for inflation. Enter a return already net of tax and fees.
  • A zero-year horizon shows the amount needed today instead of an impossible monthly saving schedule.

For information only, not financial advice. These simplified estimates do not consider your full circumstances. Assumed rates are not forecasts or guaranteed returns. Talk to a financial adviser before making financial decisions.

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