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Retirement Calculator

Retirement Calculator on Microsoft Excel

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Retirement Calculator

  1. 1. You can change any value in the white boxes and when you press quot;Enterquot; all the values will be automatically recalculated Retirement Calculator Current Age 22 Expected retirement age 67 Monthly Contribution $200 Expected Rate of Return 9.0% Your total contributions will be $108,000 At Retirement your fund will equal $1,480,976 If you earned 11.00% your total would be $2,989,683 If you earned 7.00% your total would be $758,519 If you wait until age 32 to begin that plan your total will be $588,357 (If contribuitions are tax deductable, at marginal rate of 28.0% the actual cost of contributions is At an average annual inflation rate of 2.0% the real value of your retirement fund will be only
  2. 2. $77,760 ) $607,491
  3. 3. You can change any value in the white boxes and when you press quot;Enterquot; all the values will be automatically recalculated Retirement Calculator Current Age 22 That fund $1,480,976 if earning can last 20 years providing an annual Expected retirement age 67 income of $139,794 with a real value of $57,343 Monthly Contribution $200 Alternatively, with the same return and annual with- Expected Rate of Return 9.0% drawals of $125,000 that fund would last for approx. 26 years. Your total contributions will be $108,000 At Retirement your fund will equal $1,480,976 If you earned 11.00% your total would be $2,989,683 If you earned 7.00% your total would be $758,519 If you wait until age 32 to begin that plan your total will be $588,357 (If contribuitions are tax deductable, at marginal rate of 28.0% the actual cost of contributions is At an average annual inflation rate of 2.0% the real value of your retirement fund will be only
  4. 4. 7.0% years providing an annual with a real value of e return and annual with- that fund would last for $77,760 ) $607,491
  5. 5. Planning for a Retirement Target If you want to retire by age 65 And have a retirement fund of $1,000,000 With an annual rate of return of 7.00% The amount you will have to set aside each month If you start at age 20 $263.67 If you start at age 25 $380.98 If you start at age 30 $555.23 If you start at age 35 $819.69 If you start at age 40 $1,234.46 If you start at age 45 $1,919.66 If you start at age 50 $3,154.95 If you start at age 55 $5,777.51 (In order to achieve this, starting at age 20, you would need to set aside $8.67 a day) (If your are in the 28% tax bracket your actual cost will be only $6.24 a day)
  6. 6. The Savings Twins-One Starts Early, If you start saving at age 20 And you put away each month $250.00 In investments that earn 9% And you continue for just 10 You will have to contribute only $30,000 Then if you make no further contributions at all until you finally retire at age 65 Your retirement fund will grow to $987,599 If there is inflation over those years, averaging 2.00% Then the real value of your Retirement Fund will be $405,110
  7. 7. The Savings Twins-One Starts Early, If you start saving at age 20 And you put away each month $250.00 In investments that earn 9% And you continue for just 10 You will have to contribute only $30,000 Then if you make no further contributions at all until you finally retire at age 65 Your retirement fund will grow to $987,599 If there is inflation over those years, averaging 2.00% Then the real value of your Retirement Fund will be $405,110
  8. 8. The Other Late Alternatively suppose your twin sister waits until she reachs age 30 to begin saving Then if she saves the same amount each month at the same rate of return, She will contribute $73,750 but end up with only $735,446 She will have to save 25 more years but will end up with $252,152 less!!
  9. 9. ###

Retirement Calculator on Microsoft Excel

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