Investment Goal Tracker 🎯

Determine the **required monthly savings** needed to hit a target goal, or calculate the **future value** of your current plan.

Goal & Plan Details

Calculation Mode:

Select what you want the calculator to solve for.

Target Goal Amount (Future Value) ($):

Required for 'Required Contribution' mode.

Current Investment / Initial Lump Sum ($):

Monthly Contribution ($):

Required for 'Future Value' mode.

Expected Annual Return (%):

Time Horizon (Years):

Financial Time Value (TVM) Concepts

This calculator relies on the time value of money (TVM) principle, which states that money available today is worth more than the same amount in the future due to its earning potential (compounding).

Core Formulas Used

1. Future Value of Lump Sum (FV_Lump):
   FV_Lump = P × (1 + i)ⁿ

2. Future Value of Annuity Due (FV_Annuity) - Monthly Contribution:
   FV_Annuity = PMT × [ ((1 + i)ⁿ - 1) / i ] × (1 + i)
   
3. Required Contribution (PMT) - derived from Annuity formula:
   PMT = (FV_Needed / [ ((1 + i)ⁿ - 1) / i ]) / (1 + i)
   
Where:
i = Monthly interest rate (Annual Rate / 12)
n = Total compounding periods (Years × 12)
FV_Needed = Target Goal - FV_Lump

We use the **Annuity Due** formula, which assumes contributions are made at the *beginning* of each period, a common assumption for monthly investment plans like SIPs.

Investment Goal Tracker 🎯

Goal & Plan Details

Goal Status

Total Principal Invested

Total Interest Earned

Goal Achievement Status

Financial Time Value (TVM) Concepts

Core Formulas Used