Retirement Calculator Current Age: Desired Retirement Age: Desired Retirement savings Goal: Current Retirement savings Balance: Estimated Annual Income from Social Security: Estimated Annual Return Rate On Investments: Estimated Additional Monthly Contributions: Calculate Required Savings Your Required Savings Balance: function calculate(){ // Get user-entered values var currentAge = document.getElementById("currentAge").value; var retirementAge = document.getElementById("retirementAge").value; var retirementSavings = document.getElementById("retirementSavings").value; var initialSavings = document.getElementById("initialSavings").value; var sSIncome = document.getElementById("ssIncome").value; var rate = document.getElementById("rate").value; var monthlyContribution = document.getElementById("monthlyContribution").value; // Convert values into integers retirementSavings = parseFloat(retirementSavings.substring(1)); initialSavings = parseFloat(initialSavings.substring(1)); sSIncome = parseFloat(sSIncome.substring(1)); rate = parseFloat(rate.substring(0, rate.length - 1))/100; monthlyContribution = parseFloat(monthlyContribution.substring(1)); // Calculate the required amount of savings needed var yearsToRetirement = retirementAge - currentAge; var totalReturnOnInitialSavings = initialSavings * Math.pow((1 + rate), yearsToRetirement); var totalSSIncome = sSIncome * yearsToRetirement; var totalMonthlyContributions = (monthlyContribution * 12) * yearsToRetirement; var requiredSavings = retirementSavings - totalReturnOnInitialSavings - totalSSIncome - totalMonthlyContributions; // Display result in DOM document.getElementById("result").innerHTML = "$" + requiredSavings.toFixed(2); } Retirement Calculator Excel Spreadsheets Retirement planning is an important part of life for everyone, no matter what age or stage of life you’re in. Retirement calculators Excel spreadsheets can make retirement planning easier and more efficient, as Excel offers an array of features and functions that can be used to plan retirement income. With the help of an Excel spreadsheet, you can quickly and easily calculate your annual retirement income and expenses and get a better idea of how much you’ll need for retirement. Before you begin using an Excel spreadsheet calculator to plan your retirement income, it’s important to make sure you understand all of the options and features available. For example, most retirement calculators Excel spreadsheets will give you the ability to set up annual budgeting goals and track and measure progress throughout the year. In addition, these spreadsheets often come with built-in calculators that can help you determine how much savings or investments you need to make in order to meet your desired retirement income goals. One of the key features of a retirement calculator Excel spreadsheet is its ability to adjust for inflation. Your retirement income may be dependent on a certain level of inflation, and with a retirement calculator Excel sheet, you can ensure that the estimated amount of income you’ll need to maintain is accurate across different time periods. In addition to helping you plan for retirement income, the calculator can also help you plan for retirement expenses, such as medical costs, taxes, and other expenses. When using a retirement calculator Excel sheet, it’s important to keep in mind that the estimated amount of retirement income may not be accurate. That’s why it’s important to consider all factors, including inflation, before making any decisions. It’s also important to consider other factors, such as the amount of Social Security benefits and other retirement income you may be entitled to. In addition, it’s important to review your expenses to make sure they are appropriately included in the retirement income calculation. Some of the other features of retirement calculator Excel spreadsheets are their ability to give you an estimate of how much money you’ll need to save to reach your retirement income goal. In addition, these spreadsheets also give you the ability to track your investments and other financial assets, so you can see how your assets are doing over time. Most retirement calculators Excel sheets also come with built-in investment portfolios so you can easily keep track of your investments and progress. If you’re looking for a retirement calculator Excel sheet, there are many available online. Before selecting a retirement calculator Excel sheet, it’s important to read through the features carefully to ensure it meets your specific needs. It’s also important to compare different versions of the retirement calculator Excel sheet to see which version offers the best features and options. Once you’ve found a retirement calculator Excel sheet that meets your needs, you can begin setting up and managing your retirement income goals. Using a retirement calculator Excel sheet is a great way to make sure that you’re making accurate plans for your retirement income. With its helpful features and ability to adjust for inflation, you can make sure that you’re getting the best possible estimates for your retirement income. Whether you’re just starting to plan for retirement or you’re already retired, a retirement calculator Excel sheet can help you plan for the future and ensure you have enough money in retirement.