Deposit Savings Calculator
See how long it'll take to save your Australian property deposit based on your current savings, monthly contributions and interest rate.
Deposit Goal
$
Deposit needed: $150,000
Your Savings Plan
$
$
%
Typical Australian high-interest savings account: 4.5–5.5%
Time to reach your deposit
7 years 2 months
Saving $1,500/month at 4.5% p.a.
Deposit Needed
$150,000
Still Needed
$150,000
Interest Earned
$22,897
Target Date
October 2033
Save more, reach it sooner
See how boosting your monthly contribution changes your timeline.
| Contribution | Time to Goal | Sooner By |
|---|---|---|
| Current ($1,500/mo) | 7 years 2 months | — |
| + $200/mo ($1,700/mo) | 6 years 5 months | 9 months sooner |
| + $500/mo ($2,000/mo) | 5 years 7 months | 1 year 7 months sooner |
Deposit savings estimates assume a consistent monthly contribution and steady compounding interest at the rate entered. Actual results will vary with interest rate changes, account fees, tax on interest earned, and any gaps in your savings pattern. This tool is for general planning only and isn't financial advice.
Time to deposit
7 years 2 months
Still Needed
$150,000