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Sinking Fund Calculator for Financial Planning

The total amount you want to save.

The expected annual return on your savings.

How long you have to reach your goal.

Required Monthly Savings

N/A

This is the amount you need to save each month to reach your goal.

Plan for Your Future with the Sinking Fund Calculator

A sinking fund is a savings strategy where you set aside money regularly to meet a specific future expense. This calculator helps you determine the exact monthly payment required to reach your savings goal, taking into account the power of compound interest.

How to Use the Calculator:

To find out your required monthly contribution, you'll need to provide three key pieces of information:

  • Savings Goal ($): The total amount of money you want to have at the end of your savings period.
  • Annual Interest Rate (%): The expected annual rate of return on your savings or investment account.
  • Years to Save: The number of years you have to reach your goal.

    • The calculator will then compute the fixed monthly payment you need to make to achieve your future value target. This is an essential tool for planning for large purchases, future investments, or debt repayment.

    Frequently Asked Questions