KiwiSaver first home withdrawal calculator
Whether you can use KiwiSaver for your first home, when, and the most you can take out. You must leave $1,000 in.
The short answer
A 28 year old earning $65,000 with $25,000 in KiwiSaver, who has been a member for 3 years, can withdraw up to $24,000 now for a first home. If they buy in 2 years, the most they could take out is about $34,317. You must leave $1,000 in your account.
Most you could take out when you buy (in future dollars)
| Most you could take out now | $24,000 |
| Projected balance when you buy | $35,317 |
On these figures you meet the three-year membership rule when you plan to buy.
You reach three years of membership in 0 months.
You would not yet have three years of membership when you plan to buy.
A first home withdrawal can only be made once, so a second withdrawal is not available.
If you have owned before, you may still qualify as a second-chance buyer if Kāinga Ora confirms your assets and liabilities are what someone who has never owned would have. The figures show what you could take out if you qualify.
- Investment returns
- Government
- Employer, after ESCT
- You
- KiwiSaver balance now
Your timeline
- Now, age 28
- You plan to buy, age 30
- Age 65: KiwiSaver opens
Show the chart as a table
| Age | Year to | Projected balance | Most you could withdraw |
|---|---|---|---|
| 29 | 2027 | $30,003 | $29,003 |
| 30 | 2028 | $35,317 | $34,317 |
Rules as at 10 November 2026. Paid by no KiwiSaver provider. General information, not financial advice.
Maximum first home withdrawal by balance and years to buy
For someone earning $65,000 on the default rate in a balanced fund, who already meets the three-year rule. Amounts in future dollars, after leaving $1,000 in.
| Balance now | Now | In 1 years | In 2 years | In 3 years | In 5 years |
|---|---|---|---|---|---|
| $5,000 | $4,000 | $8,303 | $12,892 | $18,374 | $30,429 |
| $10,000 | $9,000 | $13,478 | $18,249 | $23,918 | $36,367 |
| $20,000 | $19,000 | $23,828 | $28,961 | $35,005 | $48,244 |
| $40,000 | $39,000 | $44,528 | $50,385 | $57,179 | $71,998 |
| $60,000 | $59,000 | $65,228 | $71,810 | $79,354 | $95,752 |
Questions people ask
How long do I need to be in KiwiSaver to withdraw for a first home?
At least 3 years. Years in a complying superannuation fund can count too.
How much can I take out?
Everything except $1,000, which must stay in your account, and any amount moved in from an Australian super scheme. That includes the government contributions.
Can I use it for an investment property?
No. The home must be in New Zealand and be where you will live.
I have owned a home before. Can I still withdraw?
Possibly, as a second-chance buyer, if Kāinga Ora confirms your financial position is like someone who has never owned. You can only make a first home withdrawal once.
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