Net Worth Target by Age & Region.xlsx
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Optimize Your Retirement - Net Worth Target by Age, Region, & Retirement Expenses
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Input data in yellow cells only.
Explanation
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Current Age49.5
Use either a whole number or a half number.
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Do You Plan to Retire in an Urban or Non-Urban?Non-Urban
If you're not sure on this one, check out the tab "Table A - Urban". If your county isn't listed, then you're Non-Urban
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State (in Retirement)Colorado
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Leave this blank. You're Non-Urban.1.0003
Urban folks will need input their factor from the "Table A - Urban" tab. Non-Urban folks do nothing.
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Annual Expenses in Retirement $ 50,000 The amount you expect to spend in retirement in today's dollars. You can reduce these expenses for the amount of Social Security and Pension Income you expect to receive if you want to get fancy.
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Calculation
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Factor1.0003
This is your cost adjustment factor which pulls automatically from Table B - Non-Urban.
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Your Net Worth Target $ 775,733 15.51
This output is based on your current age and the geographical area in which you wish to retire.
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Resources
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Realty Shares
Invest in real estate for as little as $5,000.
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Personal Capital
The first step in securing your financial future is to sign up with Personal Capital. It's a completely free tool that I recommend to everyone.
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LendingTree
I believe that retirees SHOULD carry a mortgage in retirement to optimize their finances. Make banks compete for your business so that you can get the best rate.
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For more information, you can email me at matt@optimizeyourretirement.com
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Net Worth Target by Age - Zip
Data Validation
Table A - Urban
Table B - Non-Urban
Multiplier