Retirement calculator?

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tims

118 posts

Master Geek

#177044 20-Jul-2015 11:56

Anyone know of a retirement calculator that works out how long your current retirement savings will last if you would like to retire today or sometime in the future? Ideally the calculator would also be able to take into account the old age pension you will receive at 65 (assuming it's still around when you retire!).

sleemanj

1490 posts

Uber Geek

#1347685 20-Jul-2015 11:59

https://www.sorted.org.nz/calculators/retirement

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James Sleeman
I sell lots of stuff for electronic enthusiasts...

tims

118 posts

Master Geek

#1347702 20-Jul-2015 12:26

Yes, that's pretty good, thanks. Any others where you can add more info e.g. adjust the rate of inflation, amount of interest earned on investments etc on the calculator?

bazzer

3438 posts

Uber Geek

Trusted

#1347837 20-Jul-2015 17:27

tims: Yes, that's pretty good, thanks. Any others where you can add more info e.g. adjust the rate of inflation, amount of interest earned on investments etc on the calculator?

https://office.live.com/start/Excel.aspx

It's not that hard, it's just discounted cash flows. Use NPV in Excel.

JimmyH

2886 posts

Uber Geek

#1347932 20-Jul-2015 18:54

I concur with the build a spreadsheet option. It's quick and you should be able to incorporate/vary virtually any assumption you want to. Much more sophisticated than the calculators on line, and you can build in lump sum assumptions (eg trade the house up or down, take a big trip at retirement, stump up for a unit in a retirement complex etc) etc that suit your own personal aspirations.

BinaryLimited

796 posts

Ultimate Geek

Trusted

#1347934 20-Jul-2015 18:58

tims: Anyone know of a retirement calculator that works out how long your current retirement savings will last if you would like to retire today or sometime in the future? Ideally the calculator would also be able to take into account the old age pension you will receive at 65 (assuming it's still around when you retire!).

So difficult to calculate....always get those suprises....
you got investments in place for passive income?

Binary Limited - Safe. Secure. Simple. ™
www.binarylimited.co.nz