Obama's campaign, together with the Democratic National Committee, had raised roughly $155 million through the end of September.
If it reaches its goal for the fourth quarter, the campaign will surpass $200 million in fundraising for 2011.
Obama is not expected to attend fundraising events between now and the end of the year, the campaign official said. He headlined about 15 campaign fundraising events in the fourth quarter.
"Enthusiasm for the White House's policies has been steadily increasing and it will keep increasing," said Steven Cohen, a major contributor and campaign fundraiser based in Chicago.