Save for a goal by a date: your monthly target.
Covers: sinking fund, savings goal, save for, goal, down payment, college.
Open the Sinking Fund Planner tool →A sinking fund is money you set aside steadily for a known future expense, a car, a wedding, a down payment, so it doesn't become debt. We solve for the level monthly amount that reaches your target by the date, counting what you've already saved and growing both at the return you assume.
The return is your assumption, clearly labeled. For a near-term goal, keep it conservative (savings rates), since the money shouldn't be at risk if you need it soon.
Free forever, with no account and no ads. Computed entirely on your device for U.S. taxes and benefits — nothing is ever sent anywhere. Educational information, not financial, tax, investment, or legal advice.