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Investing is often easier when you have a clearly-defined financial goal in mind. In other words, something that you want to do (e.g., retire) or buy (e.g., new car) that requires a specific amount of money within a specified time frame. This page includes links to worksheets that you can print out or use online to calculate the amount of money required to invest to fund a future financial goal . As with all calculations, the more accurate and realistic the information and assumptions used, the more accurate and helpful the answer. The list consists of Cooperative Extension resources that are listed alphabetically by state, as well as the widely used retirement planning tool, The Ballpark Estimate. Investing For RetirementAmerican Savings Education Council – Ballpark Estimate Worksheet Idaho – Your Financial Action Plan for Retirement - (click on title of publication) Indiana – Planning For a Secure Retirement (online 10-module retirement planning course with dozens of links) Mississippi – Piecing Together Retirement, Peace of Mind: Financial Planning Provides the Framework Nebraska – Ballpark Estimate of Retirement Financial Needs New Jersey – How Much Do I Need To Save For Retirement? Fact Sheet 431
Investing For Other Financial GoalsMaryland – Achieving Financial Goals Nevada – Getting What You Want: Saving $$$ to Achieve Your Goals New Jersey- The Time Value of Money: How to Calculate the Cost of Future Financial Goals Oklahoma – Master Your Dollars: Setting Financial Goals Tennessee – Setting and Achieving Financial Goals
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These resources are brought to you by the Cooperative Extension System and your Local Institution
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