Ever wondered how long it would take to save for your dream holiday? Nearly a third of Aussies (31%) spend up to a year saving for a trip, according to a new survey by Money.com.au. 

Another 29% of travellers save for up to six months before jetting off, while 18% spend longer than a year saving for a big trip. Just over one in ten Aussies (13%) manage to save for a holiday in less than three months. 

With that in mind, Money.com.au has crunched the numbers to estimate how long it would take the average Aussie to save for a trip to the most popular overseas holiday destinations. The saving time for each location was calculated based on a 10% savings rate of the average weekly earnings of $1,923.40 (from ABS data). Travel costs are for one adult and include return flights to the main airport in each destination, 10 nights in a four-star hotel, and a spending and travel allowance.

Australia’s top holiday destinations ranked by shortest saving time 

1. China 

Whether travelling for business, pleasure, or both, China offers an incredible mix of ancient and modern marvels — from the iconic Great Wall and historic temples to the vibrant cities of Beijing and Shanghai. A 10-day trip to China costs around $4,153. 

Saving time: 5 months 

2. Thailand 

Australians have always had something of a love affair with Thailand, known for its stunning beaches, vibrant street markets, and rich cultural heritage. A 10-day trip to this Southeast Asian paradise costs around $4,543. 

Saving time: 5.4 months 

3. Bali 

More than one million Aussies visit Bali each year, and it’s easy to see why. This Indonesian paradise is renowned for its stunning beaches, vibrant nightlife, and affordable luxury. A 10-day trip to Bali costs around $4,599. 

Saving time: 5.5 months 

4. New Zealand 

If you’re visiting our neighbours across the ditch for a scenic escape, New Zealand has plenty of wild landscapes and adventure to offer. A 10-day trip to this scenic destination will set you back about $4,768. 

Saving time: 5.7 months 

5. Vietnam 

Vietnam offers a captivating blend of bustling cities, serene countryside, and stunning coastlines. Travellers can explore Hanoi’s rich culture, cruise through Ha Long Bay, and tuck into some weird and wonderful street food. A 10-day trip costs about $5,062. 

Saving time: 6.1 months 

6. Singapore 

Singapore has long been a favourite destination for Australian travellers due to its close proximity and luxury accommodation. It also offers great food, iconic sights, and a mix of Malay, Chinese, Indian, and Western influence. A 10-day trip to this vibrant city costs around $5,237.

Saving time: 6.3 months 

7. Fiji 

Fiji is synonymous with crystal-clear waters, lush tropical islands, and relaxing beach resorts. Perfect for a tranquil getaway or an adventure-packed holiday, this island paradise is ideal for unwinding. A 10-day trip costs around $6,030. 

Saving time: 7.2 months 

8. Italy 

A must-visit for art lovers, foodies, and history buffs alike, Italy is renowned for its iconic sites like the Colosseum, Vatican City, and picturesque coastal towns. A 10-day journey through Italy costs approximately $6,515. 

Saving time: 7.8 months 

9. United Kingdom 

The UK offers the perfect mix of sightseeing, history, and local flavour. Travellers should delight in exploring London’s highlights and experience the charm of British villages. A 10-day trip to the UK costs around $7,459. 

Saving time: 8.9 months 

10. United States 

If you’re heading to the USA to live out your American dream, explore world-famous landmarks, iconic cities like New York, or catch an American football or basketball game. A 10-day trip costs around $7,819. 

Saving time: 9.4 months 

How Aussies fund their holidays 

Money.com.au’s Finance Expert, Sean Callery, says most Australians spend up to a year saving for a holiday. 

“Gradually building savings over several months to fund a vacation highlights both the commitment involved and the rising cost of travel. Our research also shows that travel is the one expense Australians aren’t willing to forgo, no matter their financial goals or income level,” he says. 

However, Money.com.au’s survey also found that some Aussies (7%) skip saving altogether and cover their holiday expenses fully on a credit card, while a smaller group (2%) opt for a personal loan to fund their trips.

“Going into debt for a holiday brings additional costs and risks. The sooner you can pay off your trip, the less you’re likely to be paying in interest and fees. It’s important to have a plan for clearing the debt as quickly as possible," says Sean.