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Savings Goal Projection

Calculate the Projected Balance instantly.

€
€
%
€

Projected Balance

€205 613

1Step 1

Projected Balance

Projected Balance=future_value_monthly_savings⁡(Starting Balance,Monthly Contribution,Annual Return Rate,Projection Years)\textit{Projected Balance} = \operatorname{future\_value\_monthly\_savings}\left(\textit{Starting Balance}, \textit{Monthly Contribution}, \textit{Annual Return Rate}, \textit{Projection Years}\right)
2Step 2

Target Shortfall

Target Shortfall=max⁡(0,Target Amount−Projected Balance)\textit{Target Shortfall} = \max(0, \textit{Target Amount} - \textit{Projected Balance})
3Step 3

Target Surplus

Target Surplus=max⁡(0,Projected Balance−Target Amount)\textit{Target Surplus} = \max(0, \textit{Projected Balance} - \textit{Target Amount})
4Step 4

Target Coverage

Target Coverage={0Target Amount≤0100×Projected BalanceTarget AmountTarget Amount>0\textit{Target Coverage} = \begin{cases}0 & \textit{Target Amount} \le 0 \\ 100 \times \frac{\textit{Projected Balance}}{\textit{Target Amount}} & \textit{Target Amount} > 0\end{cases}

Understand the Savings Goal Projection

Overview

This calculator projects a savings balance from an opening balance, monthly contribution, annual return assumption, projection term, and target amount. It reports the projected balance and whether the target is covered.

Input Terms

  • Starting Balance: Opening amount already saved.
  • Monthly Contribution: Regular monthly deposit assumed at the end of each month.
  • Annual Return Rate: Nominal annual return assumption converted into a monthly rate.
  • Projection Years: Time horizon for the projection.
  • Target Amount: Savings goal used to calculate shortfall, surplus, and coverage.

Technical Rationale

The projection compounds the starting balance monthly and accumulates monthly contributions over the selected horizon. A zero return assumption falls back to straight-line contribution accumulation.

The target coverage output helps distinguish an absolute projected amount from its adequacy against a selected goal.

Important Notes

  • The return assumption is deterministic and does not include volatility, fees, tax, or inflation.
  • Contributions are treated as level monthly deposits.
  • Use scenario or stochastic modelling for advice, governance, or product suitability decisions.

Illustrative helper only. Review assumptions before using outputs for advice, governance, or reporting.