Retirement Planning Problem

Created By
Created On

Parameters
Current Income 116000
Current Age 46
Current Retirement Fund 167000
Income Growth Rate 4%

Employer's Savings Rate 10%

Pre-retirement rate of return 7%
Post-retirement rate of return 5%

Savings Rate 5%

Post-ret consumption expenses 70%

Age of Retirement 65

Age of Death 80

Inflation Rate 3%
Tax rate pre-retirement 35%
tax rate post-retirement 25%

Current Tax Cap 12000.00

Future Tax Cap 15000.00

Current Monthly Consumption 5500

College Fund 24000

College Fund Target 10000
College Fund Returns 6.00%

Post-Retirement Travel Cap 30000

Age Tax Cap Income Employer's Cont

46 12000 116000
47 12000 120640
49 12000 125465.6
50 15000 130484.224
51 15450 135703.59296
53 15913.5 141131.73668
54 16390.905 146777.00615
55 16882.63215 152648.08639
 57 17389.111115 158754.00985
58 17910.784448 165104.17024
59 18448.107981 171708.33705
61 19001.551221 178576.67053
62 19571.597757 185719.73735
63 20158.74569 193148.52685
65 20763.508061 200874.46792
66 21386.413303 208909.44664
67 22028.005702 217265.8245
69 22688.845873 225956.45748
70 23369.511249 234994.71578
71 24070.596586 244394.50442
73 24792.714484 254170.28459
74 25536.495919 264337.09598
75 26302.590796 274910.57981
77 27091.66852 285907.00301
78 27904.418576 297343.28313
79 28741.551133 309237.01445
81 29603.797667 321606.49503
82 30491.911597 334470.75483
83 31406.668945 347849.58503
85 32348.869013 361763.56843
86 33319.335084 376234.11116
87 34318.915136 391283.47561
89 35348.48259 406934.81463
90 36408.937068 423212.20722
91 37501.20518 440140.69551
93 38626.241335 457746.32333
94 39785.028575 476056.17626
95 40978.579433 495098.42331
97 42207.936816 514902.36024
98 43474.17492 535498.45465
99 44778.400168 556918.39284
101 46121.752173 579195.12855
102 47505.404738 602362.9337
103 48930.56688 626457.45104
105 50398.483886 651515.74909
106 51910.438403 677576.37905
107 53467.751555 704679.43421
109 55071.784102 732866.61158
110 56723.937625 762181.27604
111 58425.655754 792668.52708
113 60178.425426 824375.26817
114 61983.778189 857350.2789
115 63843.291535 891644.29005
117 65758.590281 927310.06165
118 67731.347989 964402.46412
119 69763.288429 1002978.5627
121 71856.187082 1043097.7052
122 74011.872694 1084821.6134
123 76232.228875 1128214.4779
125 78519.195741 1173343.0571
126 80874.771613 1220276.7793
127 83301.014762 1269087.8505
129 85800.045205 1319851.3645
130 88374.046561 1372645.4191
131 91025.267958 1427551.2359
133 93756.025996 1484653.2853
134 96568.706776 1544039.4167
135 99465.767979 1605800.9934
137 102449.74102 1670033.0331
138 1736834.3544
139 1806307.7286
141 1878560.0378
142 1953702.4393
143
145
Personal Contribution Before Tax College Contribution College Fund
5800
6032
6273.28
6524.2112
6785.179648
7056.58683392
7338.8503072768
7632.4043195679
 7937.7004923506
8255.2085120446
8585.4168525264
8928.8335266275
9285.9868676926
9657.4263424003
10043.7233960963
10445.4723319401
10863.2912252177
11297.8228742264
11749.7357891955
12219.7252207633
12708.5142295938
13216.8547987776
13745.5289907287
14295.3501503578
14867.1641563722
15461.850722627
16080.3247515321
16723.5377415934
17392.4792512572
18088.1784213074
18811.7055581597
19564.1737804861
20346.7407317056
21160.6103609738
22007.0347754128
22887.3161664293
23802.8088130864
24754.9211656099
25745.1180122343
26774.9227327237
27845.9196420326
28959.7564277139
30118.1466848225
31322.8725522154
32575.787454304
33878.8189524762
35233.9717105752
36643.3305789982
38109.0638021581
39633.4263542445
41218.7634084143
42867.5139447508
44582.2145025409
46365.5030826425
48220.1232059482
50148.9281341861
52154.8852595536
54241.0806699357
56410.7238967331
58667.1528526025
61013.8389667066
63454.3925253748
65992.5682263898
68632.2709554454
71377.5617936632
74232.6642654098
77201.9708360262
80290.0496694672
83501.6516562459
86841.7177224957
90315.3864313956
93928.0018886514
97685.1219641975
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0
0
0
0
0
0
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Chart

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Col umn B
Tax Amount

Tax Amount Personal Contribution After Tax BoY Asset EoY Asset
 Chart Title
60000

50000

40000

30000

20000

10000

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Col umn C Col umn F
Chart Title

0 2 4 6 8 10 1
 0 2 4 6 8 10 1

Col umn B Col umn C

Age Spending WithdrawaBoY Asset EoY Asset
 Chart Title

5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Col umn C Col umn F
 Chart Title
12

10

0
0% 200% 400% 600% 800% 1000% 1200%

8 10 12
8 10 12