Retirement CALC - Expenses No Longer Needed In Retirement
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

 
View only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZAA
1
Copyright@FinanciallyFreeInvestor.comReductionsEARNER-1EARNER-2
2
Gross IncomeExpensesGross IncomeExpenses
3
4
Income7000055000
5
6
Taxes (federal and State) - avearge reduction 8%8%-5600-4400
7
Social security/Medicare deductions7.65%-5355-4208
8
401/IRA contributions (16%)16%-11200-8800
9
Medical premium deductions-600-1200
10
Any work related expenses0-4000
11
Home Mortgage payments-14400
12
Kid’s college expenses, if any-7000-7000
13
Commute to work expenses-1200-600
14
Any other expenses
15
16
Totals ====>70000-4535555000-30208
17
Net Amout needed in retirement2464524793
18
%age amount needed in retirement35.21%45.08%
19
20
Total Income/Expenses (to be subtracted)
from both Earners
125000-75563
21
Net Amout needed in retirement49438
22
%age amount needed in retirement39.55%
23
(+) Add the Additional Expenses like increase in Medical
Premium/Costs etc (yearly)
10,00059438
24
Note: Above numbers are just for example, make a copy and enter your own numbers.
25
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
96
97
98
99
100
Loading...
 
 
 
Sheet1