How much do you need to save to achieve your lump sum?

Savings target

Future years of saving

Savings required

If you know your end goal, the amount you need, and the time you have to achieve this, then working out how much to save is a relatively simple calculation.

For example, at present, if you want to save $50,000 for house renovations in three year’s time, you should put aside around $16,777 each year.

The earlier you start saving, no matter how small or large the amount, the better off you will be. Remember every little bit helps!

DISCLAIMER: These calculators are intended to provide an estimate only of the amount of money you will need to achieve your financial goals. Figures assume a growth rate after tax, fees and inflation of 3% p.a. These figures offer no guarantee of future performance. All dollar figures are expressed in real terms, i.e. they have today's purchasing power. Financial advice from a professional financial planner should always be taken.


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Important information
The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission. A disclosure statement is available from your adviser on request and free of charge.

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