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Savings, interest and financial growth calculators: compound interest, goals, debt payoff and financial independence planning.
Working out what your money grows to? Start with the Savings Calculator. To work backwards from a target instead, try the Savings Goal Calculator. For the rates those projections assume, see current savings account rates, monitored daily.
Snowball pays off your smallest balance first for quick wins and motivation. Avalanche pays off the highest interest rate first, which minimises the total interest you pay over time.
A common guideline is 3-6 months of essential expenses, with more if your income is irregular or you're the sole earner in your household.
Interest earns interest on itself, so your balance grows faster the longer money stays invested and the more frequently interest compounds (daily, monthly or annually).
A rule of thumb where you withdraw 4% of your portfolio in the first year of retirement, then adjust the dollar amount for inflation each year after, historically sustainable over a roughly 30-year retirement. Inverted, it is the 25× annual expenses our FIRE planner targets by default.
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.
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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.