About this Target Funding Calculator
This FREE on-line tool calculates the starting balance required based on a stated future target. This calculator is a reverse of the Future Investment Calculator. If an amount is required in the future, the calculator will show how much lump sum is required today using the projected growth.
How to use the calculator:
- Target amount: Input the amount required in the future (no commas required)
- Number of years to save: Input the number of years to achieve the target (no commas required)
- Rate of return: Input the projected annual returns (no commas or % icon required)
- Click calculate
The figure represents the lump sum required to be invested today.