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Savings Goal Calculator

Have you always wanted to buy a boat, or maybe a second home for weekends or later your retirement? Suppose your goal is to buy a $50,000 ski boat when your kids begin high school in eight years. Our Savings Goal Calculator can help get you started on the way to realizing your dream.

Simply fill in the amount of your goal in current dollars, how much you have saved now, how long until you want to reach the goal, and what rate of return you anticipate on your savings versus your assumption for inflation. Our Savings Goal Calculator will factor in inflation to tell you how much your goal item will cost at the future date you have chosen to reach your goal. We'll also show you how much you will need to begin saving today to reach your goal. Contact Morgan Keegan if you would like a financial advisor to help you select investments that would be appropriate to meet your financial needs.

Information About Your Goal

Name of Goal:

 

Years until goal is reached:

 

Goal amount in today's dollars: $

 

Assumptions and Inputs

Projected annual inflation rate %
Projected annual investment growth rate: %
Present savings to invest: $  
 

Calculations

Future value of goal amount: $  
Monthly savings required to reach your goal: $