Financial Goal Calculator

BY:David Leung
DATE:1997-01-08

COMMENTS:

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.

Your Goal$	Initial Capital$	Monthly Invested$	ROI %	Year	Investment Gain$

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

If you want this script just choose "Save Frame As..." (in Netscape) when you have the focus on the frame.

URL: http://www.oocities.org/SiliconValley/7116/jv_finca.html