Last Updated on September 4, 2018
Here is a simple tool to check if you are on track to early retirement. It is also suitable for normal retirement and will work on Google sheets as well. Users can enter the current value of the corpus from online portfolio trackers.
It is basically an Excel retirement calculator, with a focus on tracking. The entries that will change with each retirement plan have been segregated.
Therefore, once a user enters the inputs for the first time, the effort required for tracking progress to retirement will take very little time.
I have been using this sheet integrated with the Automated Mutual Fund & Financial Goal Tracker. If you have been this tracker, you can also do the same by inserting the sheets in this tool inside the tracker and making suitable changes.
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I had earlier written about my progress to financial independence: Retirement Planning: My Story So Far. Upon review, I found a big mistake, but thankfully on the side of caution. As I went about correcting that mistake, this sheet came into being.
The retirement tracker tool integrates the following calculators:
The low-stress retirement calculator (this is a basic retirement calculator with asset allocation explicityly factored in)
Inflation-protected Income Simulator (here the retirement is assumed to grow in different buckets of varying risk. First time users who are not familiar with the idea of bucket strategy can consider reading: Generating an inflation-protected income with a lump sum
EPF Corpus Calculator with Contribution Schedule (this calculates EPF corpus with all necessary details. There is talk about changes in EPF rules – can anyone please let me know if that is true and what they are?)
Please note tracking a retirement corpus is serious business and therefor setting up the sheet for the first time will require about 15-30 minutes depending on your comfort level. However, once you have done that, tracking becomes quite simple.
The green cells have to updated with current values each time the retirement plan is reviewed.
The progress can be tracked from the outputs (marked in red). The monthly investment amount should always be manageable with each review.
Once the percentage completion of corpus targets head close to 60%, 70%, the inputs in the bucket strategy sheet can be reviewed closely. As of now, the inputs are reasonable and conservative.
Do give this a try and let me know if you can suggest improvements.
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