„Excel“ modelis: išankstinio išėjimo į pensiją biudžetas

Title: Early Retirement Budget

 Aprašymas:

 

This spreadsheet is designed to help individuals plan and manage their budget for early retirement. It includes sections for age details, retirement income sources, housing costs, personal expenses, daily living expenses, medical expenses, and a summary of annual income requirements and shortfalls.

 

  • Age Details:
    • Age Today: Current age of the individual.
    • Years to Retirement: The number of years until the planned retirement age.
    • Age at Retirement: Age at which the individual plans to retire.

  • Retirement Income Sources:
    • Social Security Income: Weekly, bi-weekly, monthly, quarterly, and annual projections.
    • Company Pensions: Various frequencies of income.
    • Rental Income, Shares/Investments Income, Annuity Income, Other Retirement Plans: Income from different sources.

  • Housing Costs:
    • Mortgage or Rent, Real Estate Taxes, Maintenance and Repair, Home Insurance: Costs related to housing.

  • Personal Expenses:
    • Grooming, Clothing, Holidays, Other, Auto Expense, Auto Insurance: Regular personal expenses.

  • Daily Living Expenses:
    • Groceries, Entertainment, Utilities, Telephone: Essential living costs.

  • Medical Expenses:
    • Prescription Drugs, Medical Insurance: Healthcare-related expenses.

  • Summary:
    • Annual Retirement Income Required, Estimated Soc. Sec., Pension, and Other Income, Annual Income Shortfall: Comprehensive summary of income and expenses.

 

Advice/Tips:
  • Age Details:
    • Accurately input your current age and retirement plans to get a realistic view of your retirement timeline.

  • Retirement Income Sources:
    • Ensure all sources of income are accounted for to have a complete picture of your retirement finances.

  • Housing Costs:
    • Include all possible housing-related expenses to avoid underestimating costs.

  • Personal Expenses:
    • Regularly update personal expenses to reflect lifestyle changes.

  • Daily Living Expenses:
    • Track daily living costs meticulously for an accurate budget.

  • Medical Expenses:
    • Consider potential increases in healthcare costs over time.

  • Summary:
    • Review the summary section to understand your annual income needs and any potential shortfall.

 

Šaltinis: Custom Calculator

Click the following icon to open the full workbook viewer in a new tab, allowing you to easily edit and save.

Click the following icon to download the spreadsheet, allowing you to save the file on your computer along with edits.

Example of using calculator:

Detailed example of using Spreadsheet: Tasks for user to complete:

 

  1. Age Details Section:
    • Enter your current age and planned retirement age.
      • Example values:
        • Age Today: 25
        • Years to Retirement: 25
        • Age at Retirement: 50

  2. Retirement Income Sources:
    • Input income from various sources such as social security, company pensions, and investments.
      • Example values:
        • Social Security Income (Monthly): $5,000
        • Company Pensions (Annual): $10,000

  3. Housing Costs:
    • Enter details of housing-related expenses.
      • Example values:
        • Mortgage or Rent (Monthly): $195
        • Maintenance and Repair (Quarterly): $120

  4. Personal Expenses:
    • Input regular personal expenses.
      • Example values:
        • Grooming (Weekly): $30
        • Clothing (Monthly): $150

  5. Daily Living Expenses:
    • Enter costs for daily living needs.
      • Example values:
        • Groceries (Weekly): $50
        • Utilities (Monthly): $120

  6. Medical Expenses:
    • Input healthcare-related costs.
      • Example values:
        • Prescription Drugs (Monthly): $50
        • Medical Insurance (Monthly): $100

  7. Summary:
    • Review the summary to understand the total annual income required and any shortfalls.
      • Example values:
        • Annual Retirement Income Required: $21,260
        • Estimated Soc. Sec., Pension, and Other Income: $180,000
        • Annual Income Shortfall: $158,740

Why is interactive calculator useful:

This spreadsheet consolidates all retirement-related financial information in one place, making it easier to plan for early retirement. By providing a clear view of income sources and expenses, it helps users ensure they are financially prepared for retirement.

 

Šaltinis: Custom Spreadsheet

Išvada:

The Early Retirement Budget is an essential tool for planning and managing finances for early retirement. By providing a detailed and organized approach to budgeting, it helps users ensure they are financially prepared and can maintain their desired lifestyle during retirement. Regular updates and reviews ensure that the budget remains accurate and aligned with current financial conditions.

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