We’ve done some maths that may prove handy when figuring out how much you might need to invest to reach your goal. To do this, we use the annuity payment formula to determine a rough contribution amount. The calculation is an estimate and does not guarantee that your goal value will be met in time and you may need to update your contributions to stick to your plan. If you are unsure, we encourage you to discuss your options with an accredited financial adviser before committing to a once-off or monthly contribution.
We’ve also provided a few potential risk and growth options you can experiment with. These are important to keep in mind when considering how you can achieve long term goals as they represent an assumed annual growth to your goal savings and investment.