KiwiSaver First Home Calculator

Calculate how much KiwiSaver you can use towards your first home deposit

Current KiwiSaver Balance

Annual Salary

Your Contribution (%)

Employer (%)

Years Until Purchase

Expected Annual Return (%)

Target Purchase Price

Available for Deposit

$47,035

6.7% of purchase price

Projected KiwiSaver Balance

$48,035

In 2 years at 5% return

Balance Breakdown

Current balance$35,000

Future contributions$8,921

Investment growth$4,114

Projected balance$48,035

Monthly Contributions

$372

You: $175 + Employer: $175 + Govt: $22

KiwiSaver Balance Growth

The gap between the lines shows your investment growth

KiwiSaver First Home Withdrawal Requirements

• Be a first home buyer (or in the same financial position)
• Have been a KiwiSaver member for at least 3 years
• Intend to live in the property
• Leave at least $1,000 in your KiwiSaver account after withdrawal

Important Notes

You can withdraw most of your KiwiSaver balance (minus $1,000) towards a first home deposit. This includes your contributions, employer contributions, government contributions, and any investment returns.

How KiwiSaver helps with a first home deposit

KiwiSaver can become a meaningful part of a first-home deposit because it combines your own contributions, employer contributions, government support, and investment returns over time.

The longer you contribute, the more compounding has time to work.
Contribution rate and salary level both affect how quickly the balance grows.
The amount available to withdraw still needs to sit alongside lender deposit rules and cash savings.

What this estimate does and does not tell you

This calculator gives you a forward-looking estimate, not a guaranteed withdrawal figure. Fund performance, fees, contribution changes, and eligibility rules can all affect the final result.

Use it to plan your likely deposit contribution, not to assume approval.
Pair it with a borrowing-power and repayment check before setting a purchase budget.
Revisit the numbers if your salary, contribution rate, or timeframe changes.

KiwiSaver first home FAQs

How much KiwiSaver can I withdraw for a first home?

In most cases you can withdraw most of your balance for a qualifying first-home purchase, but you generally need to leave $1,000 in the account and still meet the scheme rules.

Does KiwiSaver count as my whole deposit?

It can form part of your deposit, but many buyers still need extra savings, grants, or other funds depending on the property price and lender requirements.

Can investment returns make a meaningful difference before I buy?

Yes. Over even a few years, returns can materially increase the available balance, although they can also vary and are never guaranteed.

Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Actual loan terms, rates, and eligibility may vary. Please contact a Mortgage Lab adviser for personalised advice.