<p style="text-align: left;">Many times we want to know how much we have to save every year to achieve a particular target or goal.The<img style="max-width: 100%; height: 221px; float: right;" src="https://static.vikaspedia.in/mediastorage/filestorage/20250924132228_1.png" alt="Uploaded Image" width="462"><br>rule of 72 and compounding chart is not sufficient to help us to identify target amount for achieving the goal.</p> <p style="text-align: left;">The Following Goal Chart can help us identify the regular investment required to reach our target.</p> <p style="text-align: left;">The table is created for achieving `100000 target. It can also be used for any target amount.</p> <p style="text-align: left;"><span style="color: rgb(53, 152, 219);"><strong>Using the above table</strong></span><br>Suppose if we want to reach `100000 in 12 years with investment return of 8% - Look at row with 12 years<br>and column with 8% - It is Rs 5270. We have to invest `5270 every year for 12 years so that we can achieve<br>target of `100000</p> <p style="text-align: left;"><br><span style="color: rgb(53, 152, 219);"><strong>Example</strong></span><br>If Ram wants to accumulate `50 Lakh for his retirement which is 22 years from now and he decides to invest<br>in National Pension Scheme which is expected to give 9% return. How much will Ram have to invest every<br>year to achieve his target?<br>From the Goal table we can find out that to achieve a goal of `1 Lakh in 22 years @ 9% Ram has to invest<br>`1590 every year.<br>Hence to achieve `50 Lakh target, Ram needs to invest = `1590 X 50 = `79500 every year.</p> <p style="text-align: left;"><img style="max-width: 100%; height: 65px; display: block; margin-left: auto; margin-right: auto;" src="https://static.vikaspedia.in/mediastorage/filestorage/20250924132427_2.png" alt="Uploaded Image" width="605"></p> <p style="text-align: left;"> </p>