House Deposit Savings
Time to save a 20% deposit.
NZ$
%
20% standard, 5% with First Home Loan scheme
NZ$
NZ$
%
After tax — 4% reasonable for KiwiSaver balanced fund
10.8 years to 20% deposit
$160,000
Remaining to save: $140,000
| Target deposit | $160,000 |
|---|---|
| Already saved | $20,000 |
| Remaining | $140,000 |
| Years required | 10.8 |
About this calculator
Time to reach a 20% (or chosen) deposit at a regular monthly contribution and a target return.
- First Home Grant + KiwiSaver withdrawal can supplement personal savings for first-home buyers.
- NZ median house price (Q1 2025): ~$770,000.
Frequently asked questions
Can I use KiwiSaver for a deposit?
Yes after 3 years of contributions. Leave $1,000 + the government-paid balance behind.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.