Scenario
Target of $1,200,000 in 25 years at 0.65% monthly return and initial balance of $15,000.
Inputs
- FV = 1200000
- n = 300
- i = 0.65
- PV = -15000
Key sequence
- 11200000 FV
- 2300 n
- 30.65 i
- 415000 CHS PV
- 5PMT
How to read the result
Run conservative, base, and optimistic scenarios to reduce underestimation risk.