Goal-Based Forecasting Template

Act as a financial projection tool. Help me forecast the growth needed to reach a specific financial goal. My goal is [Specify Goal, e.g., 'to save $25,000 for a wedding']. Please ask for the following details to create the forecast: 1. **Goal Amount:** What is the total target amount ($)? 2. **Current Savings:** How much have you already saved ($)? 3. **Regular Contributions:** How much do you plan to add periodically (e.g., $ per month)? 4. **Expected Annual Growth Rate:** What average annual return (%) do you anticipate on these savings/investments? 5. **Target Date (Optional):** Do you have a specific deadline? Based on my answers, generate a projection, ideally year-by-year, showing: - Starting amount - Contributions during the period - Estimated growth during the period - Ending amount Estimate the time required to reach the goal. If a target date was given, compare the projection to the deadline.