FreeByte

Deposit savings plan calculator

How long to save the deposit.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
20%
$
$
4%

Deposit ready in

3 yr 10 mo

Deposit needed

$84,000

With these inputs, deposit ready in comes to 3 yr 10 mo. Deposit needed works out to $84,000. The result assumes return on savings stays at 4%.

Still to save
$62,000
Interest earned along the way
$7,989

What moves the number · Deposit ready in

Input−10%Now+10%
Target price3 yr 4 mo3 yr 10 mo4 yr 3 mo
Deposit share3 yr 4 mo3 yr 10 mo4 yr 3 mo
Saved so far3 yr 11 mo3 yr 10 mo3 yr 8 mo
Saving each month4 yr 2 mo3 yr 10 mo3 yr 6 mo
Return on savings3 yr 10 mo3 yr 10 mo3 yr 9 mo

Solve for an input

Whatmakesequal

Compare scenarios

Save this set of inputs, change something, then save again to compare the outcomes side by side.

How long to save the deposit.

A worked example

Starting figures

Target price
$420,000
Deposit share
20%
Saved so far
$22,000
Saving each month
$1,200
Return on savings
4%

What it returns

Deposit ready in
3 yr 10 mo
Deposit needed
$84,000
Still to save
$62,000
Interest earned along the way
$7,989

How to read the results

With the defaults above, deposit ready in works out at 3 yr 10 mo.

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