A Goals and retirement calculator using excel which helps you to plan your goals and retirement. Meanwhile, this calculator is being enhanced right now.
NOTE – Remember this calculator excludes health insurance and medical costs. Remember these two things,
- Good corpus separately for medical emergencies
- Good cover of medical insurance
Firstly, the entire basic goals and retirement calculator is built using simple functions in excel. FV, PV, PMT – all you need to create your own financial plan is these three excel functions.
Especially for creating a financial plan, we are making a lot of assumptions like:
- Inflation
- Interest rate returns
- Your present need for the goal
Again, based on these assumptions, our requirements in the future is calculated. The investment plan is created based these assumptions. With these assumptions come risks – because these assumptions can go wrong.
Furthermore, it is important to revisit the plan every year to see:
- What will we achieve this year
- What are we planning to achieve
- Finally, if assumptions are making sense (if there is a need update these assumptions).
Finally, since this goals and retirement calculator is being enhanced, please do revisit this page. Porting to the new version will be easy, do not worry 🙂