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Set a Saving Goal with Our Deposit Planner Calculator
Using a deposit planner calculator helps turn a vague savings idea into a clear plan. Whether you’re saving for a home deposit, holiday, or major purchase, this tool lets you estimate how long you’ll need to save and how much you should aim to set aside each month.
How the Deposit Planner Calculator Works
- Enter your target savings amount.
- Choose your timeframe (e.g., 12, 24 or 36 months).
- Input how much you are able to deposit regularly (weekly, fortnightly, monthly) and any initial lump sum if you already have savings.
- The calculator shows you the estimated end balance, your regular payment amount, and the impact of changing your timeframe or saving amount.
With real-time feedback, you can adjust your savings plan until it fits your budget and goal.
Why Use a Deposit Planner Calculator?
A deposit planner calculator puts you in control of your savings journey. Rather than hoping you’ll reach your target, you can see exactly what you need to do – and when.
This allows you to:
- Visualise your path to the goal while staying motivated and focused.
- Compare different scenarios (longer term with smaller payments vs shorter term with higher savings).
- Make smarter budgeting decisions and avoid over-committing.
At Inovayt, we believe a savings goal works best when it’s backed by real numbers – and our tools give you just that.
Supports Your Savings with Deposit Planner Calendar
Use our deposit planner calculator now to set your target, test scenarios and lock in a savings routine that suits you. Then contact our team for personalised support and make your savings goal a reality.
We’ll help you understand:
- The payment plan that fits your budget
- What happens if you want to stop early or change your goal
- How your savings could link to future home loan or finance decisions
Our experienced brokers are here to guide you – online, on the phone, or face-to-face.
Frequently Asked Questions
Our experienced brokers are here to guide you – online, on the phone, or face-to-face.
Yes, you can enter your current savings as an initial lump sum. The tool will factor that into your goal so you only calculate what remains to save.
The basic deposit planner calculator assumes no interest. If you expect to earn interest on your savings, you can adjust your monthly payment or timeframe to reflect the faster growth.
You can go back into the calculator, change the payment schedule (e.g., pause for one month or add a bonus payment), and see how these adjustments impact the timeframe or required regular payments.
Absolutely. If you’re planning to save for a home deposit, using this calculator gives you clarity on how much you need to set aside. Later, sitting down with our Inovayt brokers can help link your savings plan to a future home loan strategy.
Work with an Inovayt Broker
Why Choose Inovayt
Simple
We understand it can be daunting applying for finance, but it doesn’t have to be. Our experienced team can help you apply for all types of finance with little stress.
Flexible
We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.
Solutions-driven
Let us help you make your financial dreams a reality for now and into the future. Our end-to-end financial solutions can support you throughout any stage of your life journey.
