KiwiSaver First Home Calculator NZ
Project your KiwiSaver growth and estimate your first-home deposit, including First Home Grant and First Home Loan eligibility.
Your KiwiSaver Details
Income cap: $95,000
+ 3% employer contribution + government contribution
Estimated Deposit Available
In 3 years, you could withdraw
$43,569
(Balance minus $1,000 minimum required to remain)
Growth Breakdown
KiwiSaver Growth Sources
Kāinga Ora First Home Loan
Buy with as little as 5% deposit
First Home Loan
5% deposit instead of standard 20%
Income cap: $95,000 (single)
Must be first home buyer (or similar financial position)
Estimated Purchase Power
With 20% deposit requirement
$217,845
Max property value using KiwiSaver alone
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Send my numbers to an adviserAustralian Super Transfers
If you've transferred funds from an Australian superannuation scheme, these amounts cannot be withdrawn for a first home purchase under current NZ law. Only contributions made in New Zealand are eligible for the First Home Withdrawal.
Frequently Asked Questions
Important Disclaimer
This calculator provides estimates based on the information you've entered and assumed growth rates. Actual KiwiSaver returns will vary and past performance is not indicative of future results. First Home Loan eligibility is subject to Kāinga Ora and lender criteria. This does not constitute financial advice.
Address
300 Richmond Road, Grey Lynn, Auckland 1021
Phone
021 227 4246FSP
NetworkG Partners Ltd (FSP1010947) t/a Finance in NZ, authorised by Link Financial Group 2022 Ltd (FSP1004590)
Quick answer
This calculator grows your KiwiSaver balance with employee, employer and government contributions, then shows how much you can withdraw for a first home — leaving the mandatory $1,000 in the account.
About this calculator
If you've contributed to KiwiSaver for at least three years and you're buying your first home (or are in an equivalent financial position to a first-home buyer), you can withdraw nearly your entire KiwiSaver balance for the deposit. The rules require you to leave $1,000 in the account and you can't use the money for an investment property — it must be your owner-occupied home.
We project your balance forward using your current balance, your contribution rate (3%, 4%, 6%, 8% or 10%), employer contributions (typically 3%) and the annual $521.43 government contribution if you contribute at least $1,042.86 yourself each year. Your expected return rate compounds annually. For couples, both balances combine.
We also flag First Home Loan eligibility — the Kāinga Ora-underwritten scheme that lets you buy with just a 5% deposit, subject to income caps ($95,000 single / $150,000 joint) and regional house-price caps. This can dramatically change how soon you can buy.
Worked example
Sarah, 28, earns $70,000 and has $25,000 in KiwiSaver. She contributes 3%, her employer matches 3%, and she earns the $521 government contribution. Assuming 5% returns, her balance grows to roughly $37,500 in 3 years.
She can withdraw $36,500 (leaving the $1,000) towards her deposit. Combined with $20,000 cash savings she has $56,500 — enough for a 5% deposit on a $1.13m home under the First Home Loan scheme, or a 20% deposit on a $282,000 property under standard lending.
