Retirement Interest Calculator by Heroes On Parade

VIEWS: 39 PAGES: 1

									RETIREMENT CALCULATOR                                                      Choose the appropriate
                                                                         calculator and fill in all blue
                                                                             cells as appropriate




    CALCULATE AMOUNT ACCUMULATED AT RETIREMENT                                                      CALCULATE REQUIRED SAVINGS RATE FOR RETIREMENT

                                     Years to retirement           35                                                                   Years to retirement             35
                                        Monthly saving            932                                                                 Annual interest return           7%
                                   Annual interest return         7%                                                                    Years of retirement             30
                                                                                                                                     Expected inflation rate           3%
                   Amount accumulated at retirement         £1,688,375                               Required annual income at retirement in today's money         35,000
                                                                                                                     Required annual income at retirement          98,485
                                    Years of retirement             30                                                           Retirement interest return            5%
                                  Expected inflation rate          3%                                            Amount to be left to heirs in todays money       150,000
                              Retirement interest return           5%                                     Future value of amount to be left to heirs at death   1,024,497
  Required annual income at retirement in today's money        35,000
                  Required annual income at retirement         98,485                                                      Amount required at retirement        £1,764,512

                Amount left to heirs (in future money)       £684,337                                                     Required monthly saving's rate          £974.03
                 Amount left to heirs (in today's money)     £100,196

								
To top