Saving up for retirement is important to everyone, no matter how much income they have, so it is absolutely crucial to make sure you are as prepared as possible for when the time comes. Unfortunately, it can be a bit difficult to determine exactly how much money you will have for retirement; thankfully this retirement budget worksheet is a simple and effective way to do just that.
Using the Retirement Budget Worksheet
The retirement budget worksheet is a simple yet powerful template from Microsoft Excel that will allow you to calculate how much money you will have when it is time to retire, as well as how much money you will need when you retire. The template is completely free to download and use and it is absolutely worth taking a look at.
The retirement budget worksheet was also created to be customizable, that way if you have an income or expense that it isn’t expecting you can simply add another line and Excel will take care of the rest. There really is no reason to use any other tool to calculate your retirement needs because this is free and will do everything you could possibly need.
Using the retirement budget worksheet is shockingly simple. Basically, all you have to do is fill in as much information as you have available about things like your monthly expenses as well as your monthly income. The more information you put into the retirement budget worksheet the more accurate the results will be, obviously, and it really is an accurate tool for calculating your shortcomings.
Once you have input all of the various expenses and incomes you have or are expecting the retirement budget worksheet will automatically calculate the retirement income you will need, as well as any shortfall you might have.
Everything is presented in an easy to read, easy to follow manner, making the worksheet incredibly easy to use and understand. Simply input your information and see what it has to say, it might just surprise you how easy it is to get started on your planning for retirement, plus it is all done for free!
Download: Retirement Budget Worksheet
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