Sinking Fund Calculator
A sinking fund is money you set aside in small amounts for a known future expense. Enter your goal, what you have saved and when you need the money.
Results appear here.
How to use it
- Name the expense and its expected cost.
- Pick the date you need it and count the months.
- Enter what you have saved so far.
- Set the monthly transfer shown below.
Frequently asked questions
What is a sinking fund?
A savings goal for a planned future expense, such as car repairs, gifts or an annual bill.
Does interest matter?
It can reduce the monthly amount slightly. Leave it at 0 if you are unsure.
Where should I keep the money?
That depends on your situation. Many people use a separate savings account or a labeled spreadsheet.