Find the level annual deposit that grows to a target future value at a constant rate.
| Annual deposit | – |
Use this sinking-fund calculator when you need a known lump sum on a future date (a balloon, a replacement, a debt) and will save the same amount at the end of each year. Monthly deposits are not modelled here.
Annual deposit = target × r / ((1 + r)^n − 1). If the rate is essentially zero, the deposit is target ÷ years. Type 4 for 4%. Target and deposit share one currency.
Target: The future amount you want to have, in your currency.
Rate (%): Annual compound rate earned on the deposits, as a percent.
Years: How many end-of-year deposits.
Annual deposit: The level payment that reaches the target.
Related calculators