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Retirement Calculator: Calculate Current Expenses

This document outlines a 5-step retirement calculator to determine a person's retirement funding needs. It takes their current salary and expenses to calculate annual savings. It then estimates future annual expenses accounting for inflation and taxes. Using the target retirement age, life expectancy, and inflation rate, it calculates the retirement corpus needed. It factors in existing assets and benefits to determine additional funding required, which can be met either with a lump sum or monthly investments over the remaining career.

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HARSHBHATTER
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50 views1 page

Retirement Calculator: Calculate Current Expenses

This document outlines a 5-step retirement calculator to determine a person's retirement funding needs. It takes their current salary and expenses to calculate annual savings. It then estimates future annual expenses accounting for inflation and taxes. Using the target retirement age, life expectancy, and inflation rate, it calculates the retirement corpus needed. It factors in existing assets and benefits to determine additional funding required, which can be met either with a lump sum or monthly investments over the remaining career.

Uploaded by

HARSHBHATTER
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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Retirement Calculator

Steps Particulars Amount Remarks


Calculate Current Expenses
Total Monthly Salary ₹ 50,000.00 Input
Total Annual Salary ₹ 600,000.00 Output
Total Monthly Expenses ₹ 30,000.00 Input
Step I
Total Annual Expenses ₹ 360,000.00 Output
Monthly Savings ₹ 20,000.00 Output
Annual Savings ₹ 240,000.00 Output
Calculate Future Annual Expenses
Inflation 7% Assumption
Likely Income Tax Slab 20% Assumption
Current Age 24 Input
Retirement Age 60 Input
Step II Life Expectancy 80 Input
Salary 6854365.31
No.of Years for Retirement 36 Output
Expenses in the 1st year after Retirement ₹ 4,112,619.19 Output
Pretax Yearly Requirement ₹ 5,140,773.98 Output
Calculate Future Annual Expenses
Retirement Years(Life Expectancy-Retirement age) 20 Output
Inflation Rate during Retirement Years 7.00% Assumption
Step III Investment Returns on Retirement Corpus 10.00% Assumption
Net returns 2.80% Output
Retirement Corpus Required in ₹ ₹ 77,888,172.21 Output
Utlization of Current Assets & Benefits (calculate FV)
Mutual Funds Input
EPF & PPF Input
Gratuity Input
Step IV Equity Input
Fixed Deposits Input
Others ₹ 2,741,746.13 Input
Total Current Assets Utilized ₹ 2,741,746.13 Output
Fresh Investments Required
Deficit (Corpus Required-Assets Utilized) ₹ 75,146,426.08 Output
No of Years for Retirement 36 Output
Step V Expected Investment Returns 20.00% Assumption
Lumpsum Funding Required (If Available) ₹ 106,018.94 Output
Monthly Investments Required in ₹/- ₹ 993.01 Output

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