Budgeting

Sinking Fund Planner

A sinking fund is for a cost you can reasonably see coming, even if you do not know the exact final amount. The planner turns multiple targets and dates into one monthly funding requirement.

Free calculatorInputs saved only in this browser

Future costs

Add annual or irregular costs you want to pre-fund.

Sinking funds
Add insurance, Christmas, servicing, holidays or other known costs.

Your estimate

Use the result as a planning guide and change inputs to test the assumptions that matter most.

Use the result as a planning guide and change inputs to test the assumptions that matter most.

How this calculator works

For each future cost, the calculator subtracts what you have already saved from the target and divides the remaining gap by the months available. The monthly requirements are then added together.

How to use it

  1. Add each known future cost separately.
  2. Use a realistic target and months until payment.
  3. Add any money already ring-fenced for that cost.
  4. Review the combined monthly requirement.
  5. If the total is unaffordable, change the target, timing or priority rather than pretending the gap does not exist.

Assumptions and limitations

No interest is added to sinking funds and targets are assumed to be paid on the entered deadline. Actual renewal prices and repair costs can change.