Free financial calculator
Sinking Fund Calculator
Plan monthly savings for known future costs before they become financial surprises.
Use the calculator ↓Adjust the assumptions
Sinking Fund Calculator
Plan monthly savings for known future costs before they become financial surprises.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
|---|
Questions answered
What this calculator helps you work out
- How much should I save each month for an annual bill?
- How can I plan for irregular expenses without using credit?
- How much interest might the fund earn before the expense arrives?
Common questions
Sinking Fund Calculator FAQs
What is a sinking fund?＋
A sinking fund is money set aside gradually for a known future cost, such as insurance, holidays, car maintenance, gifts or annual subscriptions.
Is a sinking fund the same as an emergency fund?＋
No. A sinking fund is for expected costs. An emergency fund is for genuinely unexpected or disruptive costs.
Should I include interest?＋
For short-term expenses, interest is usually a small bonus. Use a cautious rate and focus mainly on the monthly saving required.
Go beyond the result
How to Use Sinking Funds for Annual Bills and Irregular Expenses
See a worked example, the trade-offs to consider and the assumptions that can change the answer.