My Retirement Day
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Why you need to start saving early
Retirement Calculator
Disclaimer:
This sheet does not constitute financial advise. It is merely a great way to visualise your retirement investments in a more understandable way. See it as a calculator that performs calculations based on your inputs.
A few tips and notes to start using the calculator:
- There are already some generic values filled in on the form, you can change them as you need to
- There are quite a lot of fields, retirement calculations do need a lot of considerations! Just consider each field on its own and read the description of the field by tapping or clicking on the '?' beside the field
- You do not need to fill in all the fields to get a basic retirement calculation. You can leave out the 'Employer contribution' and 'Other retirement income' areas if you are unsure what those are
- Note that inflation values have a huge effect on the calculations, try to be realistic about your country's inflation. If you are unsure what the inflation rate is, rather make a bit higher than you think it is
Plan Information
What is your age now?
At what age do you plan to retire?
How many years do you expect to live in retirement?
Calculated years left to save:
Rates and Inflation
Interest rate during savings years:
Interest rate during retirement years:
Average annual inflation:
Calculated total interest on savings:
Calculated total interest during retirement:
Salary Basis
What is your current annual salary now?
What is your average salary increase?
Current
Savings Contributions
Percentage of your salary contributed to your savings:
Employer contribution match (Percentage of contribution):
Employer contribution max (Percentage of salary):
Calculated annual contributions:
Calculated monthly contributions:
Employer Match is NOT Maximized
Retirement Needs
Monthly salary during retirement in today's value:
Calculated inflation adjusted salary at retirement:
Total needed to fund 100% of retirement:
Current
Retirement Savings
Current retirement savings balance
Value of current savings at retirement
Value of current contributions at retirement
Other
Retirement Income
Age when income begins
Initial annual amount
Annual Increase
Years of income payout
Value of other income at retirement
Other Assets (Pension, Sellable Real Estate)
Value of other assets at retirement
Shortfall at Retirement
Years payout will last without additional savings
Additional annual savings needed
Total % of salary to save to reach goal
Note: Results are only estimates!
Table Based on
Salary Contribution Scenario
Year
Age
Return
Salary Basis
Annual Contribution
Employer Match
Retirement Income
Payout (Withdrawal)
Est. Inv. Return
Balance
Note: Results are only estimates!
Table Based on
Salary Contribution Scenario
Year
Age
Return
Salary Basis
Annual Contribution
Employer Match
Retirement Income
Payout (Withdrawal)
Est. Inv. Return
Balance