Every working man plans for a retirement. While many invest in 401k and other retirement funds but they forget to plan the actual amount that tis required after retirement.
This free retirement budget template for google sheets comes handy when you want to plan out your budget after your retirement.
In this template, you can input your age, housing costs, personal expenses, living expenses, medical expenses. Also you can input your retirement income sources. The template will then calculate the summary of all key data points automatically.
|Name:||Future value of Retirement Plans template|
|Tags:||Future value of Retirement Plans google sheets, retirement spreadsheet template google sheets|
Screenshots of the template:
What is a retirement budget?
A retirement budget is a budget that is created specifically for someone who is retired. This type of budget often includes a lower income than what the person was used to while working, and it may also account for things like increased medical expenses.
What to note down as part of the retirement budget?
Some items that may be included in a retirement budget are income (from pensions, Social Security, and investments), fixed expenses (such as mortgage or rent, insurance, and utilities), and variable expenses (such as food, clothing, and transportation). It is important to note that everyone’s retirement budget will be different, based on their individual needs and circumstances.
How can a retirement budget help?
A retirement budget can help a person to plan for their financial future and make sure that they have enough money to cover their expenses. It can also help to prevent overspending, and it can give retired individuals a sense of control over their finances.