"With the club the size of West Ham it needs to be achieved as soon as possible because the long term goal is the Olympic stadium."
The former Bolton and Blackburn boss replaced Avram Grant after the Hammers' relegation to the Championship.
"Without sounding too arrogant, with the experience I have gained in the Premier League, I will be trying to bring the club together with a spirit which will achieve the ultimate, which is to get promotion back to the Premier League at the first time of asking," Allardyce said.
"The team must be back in the Premier League when it's going to move into that great venue.
"I've got to instill a little bit of discipline, a little bit of magic, creativty and certainly a bond and a team spirit amongst the players and the staff to drive ourselves on in what is going to be a very difficult season.
The owners really have to back up with their own money to help us get back into the Premier League West Ham manager Sam Allardyce "It won't be an easy task, but last year we saw QPR and Norwich achieve it and we're hoping to do the same.
"I've got to try to get rid of the hangover that relegation brings to a club and transform that as quickly as I can into a positive mental attitude."
Allardyce is aware of the financial restraints now that the club is in the Championship.
"The drastic loss in revenue is what we all have to face first and foremost at West Ham," he acknowledged.
"The owners really have to back up with their own money to help us get back into the Premier League.
"Some of the cuts we will have to make will have to come and we will try to get the best squad we possibly can."
Allardyce did not rule out losing some of the key earners at Upton Park.
"The speculation is probably around Robert Green, Carlton Cole and Scott Parker. At the moment we haven't any concrete bids for those players," he said.