My Bank First United : : : Investment Goal Worksheet

My Bank First United

Investment Goal Worksheet
These are the values you enter.	Examples	Enter Your Data
Goal	College
Total needed for goal in today's dollars	$80,000
Amount already saved toward goal	$12,000
Years until money is needed	10
Assumed Annual Inflation Rate	3%
Assumed Annual Return on Savings	7%
These values are calculated.	Examples
Projected future value of amount needed	$108,000
Projected future value of amount already saved	$24,120
Additional money needed to reach goal	$83,880
Annual savings needed to reach goal	$5,788
Check these values against the tables.
Inflation Factor	1.35
Return Factor	2.01
Annual Savings Factor	0.069

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