You can find a large collection of retirement and other calculators on the Interactive page. By preparing financial statements you'll be able to more effectively determine your needs now and in the future. Proforma statements will help you determine your future needs. You should project inflows and outflows as far out as possible and consider as many alternatives and options as possible. Before an appropriate investment program can be established, careful consideration should be given to the investor's specific objectives and constraints.
Objectives are goals defined in terms of return requirements and risk tolerance.
Constraints are limitations, such as liquidity, time horizon, taxes, and legal or regulatory matters, imposed on the portfolio management process. Preferences are constraints that are self-imposed and may be unique. Investors with more wealth than they will ever need may be interested in donating some of their wealth to Charity . Keep in mind that the real value of any dollar amount in the future will be influenced by inflation . Knowing how much you have to invest now and in the future, you can estimate the future value of your investment using this calculator from Centura for a one time investment or this calculator for a stream of investments.