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Retirement Savings Calculator

The document is a retirement savings calculator that estimates the value of retirement savings given inputs like current age, retirement age, annual investments, expected annual return, annual payments, and number of payments. It calculates that with inputs of a current age of 35, retirement at 58, $10,000 already invested, 6% expected annual return, $2,000 annual payments for 15 years, the estimated value at retirement would be $112,394.22 including $40,000 of original investments and $72,394.22 of interest earned. A table then shows the annual balance, payments, interest, and cumulative interest over the 23 years until retirement.

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bkrawat2008
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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67 views

Retirement Savings Calculator

The document is a retirement savings calculator that estimates the value of retirement savings given inputs like current age, retirement age, annual investments, expected annual return, annual payments, and number of payments. It calculates that with inputs of a current age of 35, retirement at 58, $10,000 already invested, 6% expected annual return, $2,000 annual payments for 15 years, the estimated value at retirement would be $112,394.22 including $40,000 of original investments and $72,394.22 of interest earned. A table then shows the annual balance, payments, interest, and cumulative interest over the 23 years until retirement.

Uploaded by

bkrawat2008
Copyright
© Attribution Non-Commercial (BY-NC)
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
You are on page 1/ 4

####

Control

RETIREMENT SAVINGS CALCULATOR


Inputs
Current Age:
Retirement Age:
Investments up to Now:
Expected Annual Return:
Annual Payments:
# of Payments to be made:

1200000
35
58
10000
6.00
2,000.00
15

1000000
%

800000
600000
400000

Outcome
Years until Retirement:
23
Estimated Values at Retirement
Invested
Interest Earned
40,000.00
72,394.22
112,394.22

0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Year

Age

Rate

0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%

Invested
(Payment)
10,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

200000
0

Cumulative
Payments
10,000.00
12,000.00
14,000.00
16,000.00
18,000.00
20,000.00
22,000.00
24,000.00
26,000.00
28,000.00
30,000.00
32,000.00
34,000.00
36,000.00
38,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00

Interest
0.00
600.00
756.00
921.36
1,096.64
1,282.44
1,479.39
1,688.15
1,909.44
2,144.00
2,392.65
2,656.20
2,935.58
3,231.71
3,545.61
3,878.35
4,231.05
4,484.91
4,754.01
5,039.25
5,341.60
5,662.10
6,001.83
6,361.94
6,743.65
7,148.27

Cumulative
Interest
0.00
600.00
1,356.00
2,277.36
3,374.00
4,656.44
6,135.83
7,823.98
9,733.42
11,877.42
14,270.07
16,926.27
19,861.85
23,093.56
26,639.17
30,517.52
34,748.57
39,233.49
43,987.50
49,026.75
54,368.35
60,030.45
66,032.28
72,394.22
79,137.87
86,286.14

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
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
85
86
87
88
89
90
91
92
93
94
95

6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00

7,577.17
8,031.80
8,513.71
9,024.53
9,566.00
10,139.96
10,748.36
11,393.26
12,076.86
12,801.47
13,569.55
14,383.73
15,246.75
16,161.56
17,131.25
18,159.13
19,248.67
20,403.59
21,627.81
22,925.48
24,301.01
25,759.07
27,304.61
28,942.89
30,679.46
32,520.23
34,471.44
36,539.73
38,732.11
41,056.04
43,519.40
46,130.56
48,898.40
51,832.30
54,942.24

93,863.31
101,895.11
110,408.81
119,433.34
128,999.34
139,139.31
149,887.66
161,280.92
173,357.78
186,159.25
199,728.80
214,112.53
229,359.28
245,520.84
262,652.09
280,811.21
300,059.88
320,463.48
342,091.29
365,016.76
389,317.77
415,076.84
442,381.45
471,324.33
502,003.79
534,524.02
568,995.46
605,535.19
644,267.30
685,323.34
728,842.74
774,973.30
823,871.70
875,704.00
930,646.24

GS CALCULATOR

Balance
Payments
Interest

Cumulative
Interest
0.00
600.00
1,356.00
2,277.36
3,374.00
4,656.44
6,135.83
7,823.98
9,733.42
11,877.42
14,270.07
16,926.27
19,861.85
23,093.56
26,639.17
30,517.52
34,748.57
39,233.49
43,987.50
49,026.75
54,368.35
60,030.45
66,032.28
72,394.22
79,137.87
86,286.14

Balance
10,000.00
12,600.00
15,356.00
18,277.36
21,374.00
24,656.44
28,135.83
31,823.98
35,733.42
39,877.42
44,270.07
48,926.27
53,861.85
59,093.56
64,639.17
70,517.52
74,748.57
79,233.49
83,987.50
89,026.75
94,368.35
100,030.45
106,032.28
112,394.22
119,137.87
126,286.14

Payments
36%
Interest
64%

93,863.31
101,895.11
110,408.81
119,433.34
128,999.34
139,139.31
149,887.66
161,280.92
173,357.78
186,159.25
199,728.80
214,112.53
229,359.28
245,520.84
262,652.09
280,811.21
300,059.88
320,463.48
342,091.29
365,016.76
389,317.77
415,076.84
442,381.45
471,324.33
502,003.79
534,524.02
568,995.46
605,535.19
644,267.30
685,323.34
728,842.74
774,973.30
823,871.70
875,704.00
930,646.24

133,863.31
141,895.11
150,408.81
159,433.34
168,999.34
179,139.31
189,887.66
201,280.92
213,357.78
226,159.25
239,728.80
254,112.53
269,359.28
285,520.84
302,652.09
320,811.21
340,059.88
360,463.48
382,091.29
405,016.76
429,317.77
455,076.84
482,381.45
511,324.33
542,003.79
574,524.02
608,995.46
645,535.19
684,267.30
725,323.34
768,842.74
814,973.30
863,871.70
915,704.00
970,646.24

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