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Plan savings for visa, move and first months in Australia
Work out how long it takes to reach a target for visa costs, first month rent, bond, emergency fund or relocation. Enter your goal and current savings to see your timeline.
How much you can save each month
Expected annual return on your savings
Time to Goal
0.8 years
(10 months)
Final Balance
$20,504
Total Contributions
$20,000
Interest Earned
$504
Goal Reached!
Contributions: $20,000
$20,504
+$504 interest
This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.
Moving to Australia involves several upfront costs: visa application fees, flights, rental bond (usually 4 weeks rent), first month's rent and money to live on while you settle.
Many visa types require proof of funds - savings you can show to demonstrate you can support yourself. Check your specific visa requirements on the Department of Home Affairs website.
It depends on your visa type and your plans. Build the number rather than guessing it: your visa application charge from the Home Affairs pricing estimator, plus flights, plus 4 weeks rent as a bond, plus your first month's rent, plus living costs until your first pay lands. For a student visa the evidence requirement alone is $29,710 of 12-month living costs on top of course fees.
Some visas require it and some don't, and where it applies the amount is set by Home Affairs for that subclass rather than being a general figure. Check the "Have enough money for your stay" requirement on your own visa's page. For a student visa (subclass 500), Home Affairs publishes 12-month living costs of $29,710 for the student, $10,394 for a partner coming with you and $4,449 for a child, plus at least $13,502 a year of schooling costs for each school-age child. Those are the minimums you have to evidence for the visa, not a budget: Home Affairs says actual living costs vary across Australia and may be much higher. Course fees for your first 12 months are counted separately, on top.
Opening an Australian bank account from overseas is easier with some banks (like ANZ, NAB). Transfer a portion before arriving so you have funds available immediately.
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
This calculator exists to show you the arithmetic. It applies published Australian rates, thresholds and formulas to the numbers you enter and shows the working, so you can check it. That is all it does — it produces a number and describes what the number is. It does not recommend anything and it holds no opinion about any financial product.
What can move this result
Why these default assumptions are reasonable
This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.