One of the challenges in upstream tailings dam projects is to ensure the allowable rate of deposition of tailings in the pond (i.e., pond filling rate) while maintaining the stability of the dam. This is due to the fact that an upstream tailings dam is constructed by placing dikes on top of previously deposited soft tailings, which could lead to a decrease in dam stability because of the build-up of excess pore water pressure. The main purpose of this work is to investigate the effects of pond filling rates on excess pore water pressure and the stability of an upstream tailings dam by a numerical study. A finite element software was used to simulate the time-dependent pond filling process and staged dam construction under various pond filling rates. As a result, excess pore water pressure increased in each raising phase and decreased in the subsequent consolidation phase. However, some of the excess pore water pressure remained after every consolidation phase (i.e., the build-up of excess pore water pressure), which could lead to a potentially critical situation in the stability of the dam. In addition, the remaining excess pore water pressure varied depending on the pond filling rates, being larger for high filling rates and smaller for low filling rates. It is believed that the approach used in this study could be a guide for dam owners to keep a sufficiently high pond filling rate but still ensure the desirable stability of an upstream tailings dam.