Savings Goal (Sinking Fund) Calculator

Use this calculator to determine how much you need to save each month to reach your specific savings goal within your chosen timeframe. Enter your target amount, current savings, and either the number of years or months you plan to save (both fields stay in sync). Also, enter your expected annual interest rate. Click “Calculate” to see your recommended monthly savings amount, total contributions, estimated interest earned, and a graph illustrating your potential savings growth over time.

Note: This calculator is for illustrative purposes only and does not constitute financial advice. Actual results may vary based on interest rates and individual circumstances