Okay, this is probably a stupid question but I am still going to ask. In the progress snapshot window, it is mentioned that it is possible to set goals by selecting your current level. I could not find where to click to do so.
@Prune - Ah, that is actually a remnant from the way this was handled previously. Currently the goals are automatically determined based on your Known Words total. Here is the answer in the Help section: Community Help
Thanks for your fast answer.