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excel 2 (4) (3)

The document outlines a retirement savings plan for an individual currently aged 60 with an annual income of $50,000 and a retirement savings balance of $60,000. It includes projections of annual pension benefits, savings amounts, and investment returns, as well as potential future balances and income replacement percentages. The plan indicates significant financial shortfalls in later years, highlighting the importance of adequate retirement planning.

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MARIO PADILLA
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3 views

excel 2 (4) (3)

The document outlines a retirement savings plan for an individual currently aged 60 with an annual income of $50,000 and a retirement savings balance of $60,000. It includes projections of annual pension benefits, savings amounts, and investment returns, as well as potential future balances and income replacement percentages. The plan indicates significant financial shortfalls in later years, highlighting the importance of adequate retirement planning.

Uploaded by

MARIO PADILLA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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60 61 62 63 64 65 66

Input
Now Amount At Retirement

Your current age 60 Annual pension benefit ($)

Annual income ($) $50,000 Annual pension benefit increases (%)

Annual inflation & income increases (%) 3.00% Desired retirement age

Retirement savings balance ($) $60,000 Number of years of retirement income

Annual savings amount ($) $15,000 Income replacement (%)


Annual savings increases (%) 0.00% Investment return (%)

Investment return (%) 6.25%

Chart details
Age Salary Balance Interest Yearly savings

60 $50,000 $60,000 $3,750 $15,000

61 $51,500 $78,750 $4,922 $15,000

62 $53,045 $98,672 $6,167 $15,000

63 $0 $119,839 $7,490 $0

64 $0 $86,352 $5,397 $0

65 $0 $49,542 $3,096 $0

66 $0 $9,166 $573 $0

67 $0 -$35,039 -$2,190 $0

68 $0 -$83,349 -$5,209 $0

69 $0 -$136,062 -$8,504 $0

70 $0 -$193,495 -$12,093 $0

71 $0 -$255,985 -$15,999 $0

72 $0 -$323,893 -$20,243 $0

73 $0 -$397,602 -$24,850 $0

74 $0 -$477,522 -$29,845 $0

75 $0 -$564,090 -$35,256 $0
Chart details
Age Salary Balance Interest Yearly savings

76 $0 -$657,769 -$41,111 $0

77 $0 -$759,056 -$47,441 $0

78 $0 -$868,479 -$54,280 $0

79 $0 -$986,600 -$61,663 $0

80 $0 -$1,114,019 -$69,626 $0

81 $0 -$1,251,374 -$78,211 $0

82 $0 -$1,399,346 -$87,459 $0

83 $0 -$1,558,659 -$97,416 $0

84 $0 -$1,730,085 -$108,130 $0
Chart details
Age Salary Balance Interest Yearly savings
Chart details
Age Salary Balance Interest Yearly savings
Chart details
Age Salary Balance Interest Yearly savings
$12

$10

$8

$6

$4

$2

$0
65 66 67 68 69

Amount Uncertainty (%)

0 Investment return uncertainty

0.00% Annual savings amount uncertainty

65 Annual savings increases uncertainty

20 Annual pension benefit amount uncertainty

75.00% Annual Pension benefit increases uncertainty


6.25%

ails
Desired retirement
Pension income Year ending balance
income

$0 $0 $78,750

$0 $0 $98,672

$0 $0 $119,839

$40,977 $0 $86,352 142329

$42,207 $0 $49,542 166224

$43,473 $0 $9,166 191613

$44,777 $0 -$35,039 218589

$46,120 $0 -$83,349 247251

$47,504 $0 -$136,062 277704

$48,929 $0 -$193,495 310061

$50,397 $0 -$255,985 344440 344440

$51,909 $0 -$323,893 380967 380697

$53,466 $0 -$397,602 419777 41977

$55,070 $0 -$477,522 461014 461014

$56,722 $0 -$564,090 504827 504827

$58,424 $0 -$657,769 551379 551379


ails
Desired retirement
Pension income Year ending balance
income

$60,176 $0 -$759,056 600840 600840

$61,982 $0 -$868,479 653392 653391

$63,841 $0 -$986,600 709229

$65,756 $0 -$1,114,019 76855+6

$67,729 $0 -$1,251,374 831591

$69,761 $0 -$1,399,346 898565

$71,854 $0 -$1,558,659 969726

$74,009 $0 -$1,730,085 956324

$76,230 $0 -$1,914,445 9835842

504827

551379

600840

653392

709229

358412

831591

898565

969726
ails
Desired retirement
Pension income Year ending balance
income

956324

23546000
ails
Desired retirement
Pension income Year ending balance
income
ails
Desired retirement
Pension income Year ending balance
income
Age

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$0
Salary

Calculations
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$60
$61
$62
$63
$64
$65
$66
$67
$68
$69
$70
$71
$72
$73
$74
$75
$76
$77
$78
$79
$80
$81
$82
$83
$84
$1,800
Desired
Yearly
Balance Interest retirement Pension income
savings
income
$0 $0 $0 $0 $0
$0 $0 $0 $65 Failure template:
$0 $0 -$1,914,445 $84 Success template:
$0 $0 $0 $0 $0
$0 $0 $0 $65 Failure display:
$0 $0 $0 $65 Success display:
$0 $0 $0 $1
$0 $0 $0 $2
$0 $0 $0 $3
$0 $0 $0 $4
$0 $0 $0 $5
$0 $0 $0 $0 $0
$0 $60,000 $3,750 $15,000 $0
$0 $78,750 $4,922 $15,000 $0
$0 $98,672 $6,167 $15,000 $0
$0 $119,839 $7,490 $0 $40,977
$0 $86,352 $5,397 $0 $42,207
$0 $49,542 $3,096 $0 $43,473
$0 $9,166 $573 $0 $44,777
$0 -$35,039 -$2,190 $0 $46,120
$0 -$83,349 -$5,209 $0 $47,504
$0 -$136,062 -$8,504 $0 $48,929
$0 -$193,495 -$12,093 $0 $50,397
$0 -$255,985 -$15,999 $0 $51,909
$0 -$323,893 -$20,243 $0 $53,466
$0 -$397,602 -$24,850 $0 $55,070
$0 -$477,522 -$29,845 $0 $56,722
$0 -$564,090 -$35,256 $0 $58,424
$0 -$657,769 -$41,111 $0 $60,176
$0 -$759,056 -$47,441 $0 $61,982
$0 -$868,479 -$54,280 $0 $63,841
$0 -$986,600 -$61,663 $0 $65,756
$0 -$1,114,019 -$69,626 $0 $67,729
$0 -$1,251,374 -$78,211 $0 $69,761
$0 -$1,399,346 -$87,459 $0 $71,854
$0 -$1,558,659 -$97,416 $0 $74,009
$0 -$1,730,085 -$108,130 $0 $76,230
$0
$0
$0
$0
$0
$0 -$12,290,106 -$768,132 $45,294 $1,251,314

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