What is a sinking fund?

A sinking fund is a planned way to save for a large future expense by setting aside fixed amounts regularly. With compound interest, your savings grow over time. Great for vacations, home renovations, car purchases, etc.

How much should I save monthly?

It depends on your target amount, timeline, and expected annual return. The tool uses the sinking fund formula: Monthly = Target × r / ((1+r)^n - 1) where r is the monthly interest rate and n is the number of months.

What if the interest rate is 0?

With 0% interest, simply divide the target amount by the number of months. The tool handles both scenarios automatically.

How is this different from a savings account?

A sinking fund is a goal-oriented savings plan. While you can use a savings account, the calculator helps you determine exactly how much to save each month and track progress toward your goal.

Sinking Fund Calculator - Free Online Savings Goal Planner

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Free online sinking fund calculator to plan large future expenses (vacation, renovation, car, etc.). Enter target amount, timeline and expected return rate to calculate monthly savings needed. 100% client-side, no signup.

Savings Planner · Free

📝 Set Your Goal

Target Amount

Currency

Timeline

Annual Return Rate (%)

Existing Savings (optional)

🎯 Sinking Fund Calculator

📝 Set Your Goal

📊 Savings Plan

📅 Yearly Breakdown

🎯 Sinking Fund Calculator

📝 Set Your Goal

📊 Savings Plan

📅 Yearly Breakdown

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