Savings Goal & Target Timeline Calculator
Savings Goal & Sinking Fund Calculator
Calculate the monthly deposit required to reach your target sum
%
Required Monthly Savings
₹10,978 / month
Your Total Contribution
₹4,45,208
Interest / Growth Gained
₹54,792
By depositing ₹10,978 monthly for 3 years at 7% p.a., you will accumulate your target sum of ₹5,00,000.
The Science of Sinking Funds
A sinking fund breaks down a daunting long-term expense into predictable, bite-sized monthly deposits. Instead of relying on expensive credit cards or high-interest personal loans when life happens, a sinking fund ensures cash is ready before the invoice arrives.
Frequently Asked Questions
Where should I park my short-term savings goal funds?
For goals within 1 to 3 years, capital safety is paramount. Use high-yield bank sweep accounts, recurring bank fixed deposits (RD), or low-duration/arbitrage mutual funds rather than volatile equity markets. Read our guide on Building an Emergency Fund.