There are different ways to look at goals but the most acceptable is a 3-point classification as under of the term of goals.
Short term goals that are achievable over next 2 years. They can include vacationing, paying off a credit card, closing a personal loan, planning for gifts for a wedding etc.
Medium terms goals that are achievable over next 2 to 5 years. These typically include goals like margin money for home loan, exotic holiday, saving for a car etc
Long term goals like retirement, estate planning and planning for children education that can extend from 5 years to 20 years.