This JavaScript Financial Goal Calculator puts complex financial formulas aside, leaving a user-friendly interface
in plain English.The unique five-array configuration presented here allows the user to give each variable a range
of values, thus mirroring the uncertainty involved in the real-life stock market or other such investments.
Manipulating the Rate of Return on Investment (ROI) leads to an output similar to the College Fund
example below.
Manipulating Your Goal allows the investor to see the time needed to reach the goal. Adjusting Initial
Capital and Monthly Invested allows for varying amounts in accordance with one's financial situation.
College Fund - Various Goals - Millionaire
Example : College Fund - Five different ways to invest and achieve the $50,000 College Fund
Based on historical data, we used
- 3% (Bank Deposit),
- 5% (T-bill),
- 7% (T-bond),
- 11% (Common Stock), and
- 15% (Growth Stock)
for comparison purposes.
| Input | Output |
| Your
Goal$ | Initial
Capital$ | Monthly
Invested$ | Return on
Investment
(ROI) % | Years to
Achieve
Your Goal | Investment
Gain$ |
| 1 | 50000 | 5000 | 500 | 3 | 6.66 | 5325.08 |
| 2 | 50000 | 5000 | 500 | 5 | 6.16 | 8035.37 |
| 3 | 50000 | 5000 | 500 | 7 | 5.83 | 10586.18 |
| 4 | 50000 | 5000 | 500 | 11 | 5.16 | 14299.66 |
| 5 | 50000 | 5000 | 500 | 15 | 4.66 | 17225.53 |
Try Your Own Calculations
Example : Various goals - Invested in stocks with 15% return - How long will it take to achieve them?:
| Input | Output |
| Your
Goal$ | Initial
Capital$ | Monthly
Invested$ | Return on
Investment
(ROI) % | Years to
Achieve
Your Goal | Investment
Gain$ |
| 1 | 2000 (PC) | 1000 | 100 | 15 (stock) | 0.75 | 164.6295 |
| 2 | 5000 (used car) | 1000 | 100 | 15 | 2.5 | 1064.520 |
| 3 | 20000 (new car) | 1000 | 100 | 15 | 7.66 | 10021.84 |
| 4 | 200000 (house) | 1000 | 100 | 15 | 21.0 | 174238.1 |
| 5 | 1000000 (millionaire) | 1000 | 100 | 15 | 31.6 | 963077.3 |
Try Your Own Calculations
Example : A Millionaire - Invested in stocks with 15% return - The more you invest, the sooner you will be there.
| Input | Output |
| Your
Goal$ | Initial
Capital$ | Monthly
Invested$ | Return on
Investment
(ROI) % | Years to
Achieve
Your Goal | Investment
Gain$ |
| 1 | 1000000 | 1000 | 10 | 15 | 42.4 | 996208.8 |
| 2 | 1000000 | 1000 | 100 | 15 | 31.6 | 963077.3 |
| 3< | 1000000 | 0 | 1000 | 15 | 17.5 | 796542.4 |
| 4 | 1000000 | 1000 | 1000 | 15 | 17.4 | 796542.4 |
| 5 | 1000000 | 1000 | 10000 | 15 | 5.5 | 357463.6 |
Try Your Own Calculations
BY:David Leung
DATE:1997-01-08
