Using the Financial Goal Calculator is very simple. It comprises several unique features and parameters. You can enter the various values in the calculator to compute the expected return on investment, i.e., the total amount you intend to invest to achieve your short and long-term financial goals.
1. Enter the number of your existing investments
Enter the value of existing savings or investments. The calculator takes this amount into account while computing the total value of your wealth.
2. Enter your preferred monthly investment amount
Determine the exact amount you intend to invest each month based on your income and enter the value in the next tab of the financial planning calculator.
3. Enter your preferred investment duration
Decide the time horizon or duration of the investment and then enter the value (in years) in the next tab of the goal planner calculator. Your short-term goals can range from 1 to 3 years, while long-term goals usually last for more than five years.
4. Enter the expected returns rate per year
Enter a reasonable value for your return on investments, based on previous and future market cycles. The expected rate of return may differ from the actual returns rate based on changing market cycles and conditions.
Once you enter these values, the calculator computes the potential returns rate for your investments. It also accounts for market fluctuations, inflation, and other factors which may affect your total investment value. The intuitive goal planner calculator also displays the monthly sums you need to ensure timely investments to achieve your goals. You can also use an online monthly goal planner to plan your monthly investments.
