If you are saving for a retirement, then it always bothers you to know what will be your retirement money. To know the future value of your retirement money, you can use an online tool or you can use this google sheets template for free.
In this template, you need to tell it total number of years remaining for you to retire, description of the plan, current balance, how much percentage is this of total, annual deposit, projected annual return rate. The template will automatically calculate the future value.
In this template, you can record year of investment, current allocation, current allocation percentage, target allocation percentage, target allocation amount and the change required.
| Name: | Future value of Retirement Plans template |
| Category: | Personal Finance |
| Application: | Google sheets |
| Tags: | Future value of Retirement Plans google sheets |
Screenshots of the template:
FAQ:
What is a retirement plan?
There is no one-size-fits-all answer to this question, as the best retirement plan for someone will depend on their individual circumstances and goals. However, in general, a retirement plan is a financial strategy that allows an individual to save for and eventually live on during retirement. This may involve investing money in a retirement account such as a 401(k) or IRA, and/or making lifestyle changes in order to reduce expenses and live within one’s means.
How to calculate the future value of your 401k?
The future value of a 401k account will depend on a number of factors, including the account balance, the rate of return, and the length of time until retirement. To calculate the future value of a 401k, use an online calculator or consult with a financial advisor.
