INPUTS : How much will you need every month if you retire today? What is your age today? At what age do you plan to retire? How much savings do you have right now? How much lump sum money do you expect to receive when you retire? How much monthly pension/income will you get during retirement? How many years do you expect to live in retirement? How much money do you intend to pass on to your children? What is estimated rate of return during build-up of retirement fund? What is estimated rate of return of your funds during retirement? What is the projected average annual inflation rate? RESULTS : Monthly expenses at the start of your retirement Retirement Fund required when you retire Future value of existing savings by the time you retire Total Available fund (existing savings & lump sum) when you retire Shortfall in retirement fund Required monthly savings from now to retirement date to cover shortfall Age when your retirement fund will run out (excluding money for children) *This retirement calculator is designed by: ALVIN T. TABAAG, RFP Personal Money Management Coach Author and Founder PINOY SMART SAVERS LEARNING CENTER (International Best Provider of Employee Financial Education) "Helping ordinary Filipinos achieve financial freedom!" 2/F CM Plaza Bldg., 61 Don P. Campos Ave. Dasmarias City, Cavite 4114 Philippines Tel. No. (+63 46 416-1385) Mobile (+63 917 502-3149) Web: http://www.pinoysmartsavers.com Email: alvintabz@yahoo.com Facebook: http://www.facebook.com/alvin.tabanag Learn more about practical money management with: "Kaya Mo Pinoy! 12 Steps to Build Wealth on Any Income" The bestselling practical money guide for hardworking Filipinos Available in all leading bookstores nationwide! To preview the book's contents, please visit http://www.pinoysmartsavers.com/kayamopinoy.html P 25,000 30 years old 55 years old P 0 P 500,000 P 15,000 25 years P 3,000,000 9.00% per annum 7.00% per annum 4.00% per annum Scenario A Scenario B Scenario C P 66,646 P 66,646 P 66,646 P 7,859,967 P 12,019,460 P 25,113,466 P 0 P 0 P 0 P 500,000 P 500,000 P 500,000 P 7,359,967 P 11,519,460 P 24,613,466 P 7,241 P 11,333 P 24,216 68 80 > 145
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