The Ultimate Retirement Calculator (Try it now for free)

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Information The Ultimate Retirement Calculator (Try it now for free)

Title	:	The Ultimate Retirement Calculator (Try it now for free)
Lasting	:	7.26
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Views	:	80 rb

It’s always good to have a financial plan I work with a licensed planner and fixed-income strategist in LA that helps me sort out these plans of investments so that you can be sure you will be set
Comment from : Rose Akapo

Hugely helpful, thanks James! Where might we be able to input mortgage overpayments?
Comment from : Shaun Barton

Those who were unable to accumulate enough money during their active years to meet their demands are the retirees who now struggle to meet their fundamental needs Numerous factors are determined by retirement decisions My wife and I both served in the government for the same number of years; she invested through a wealth manager and I did so through a 401(k) After our retirement, both of us are still working
Comment from : Jaküb Ageter

This is an amazing modelthank you for sharing It is possible to do for single person as rhe dualincome etc makes it so complicated
Comment from : J Fitz

Thanks
Comment from : Andy Tune

How do I download the spreadsheet??
Comment from : GrowsInHouse Herbicultural Innovations, LLC

Brilliant update, thanks James I had 'lashed' a spreadsheet together myself which I had been using for years but I this is soooo sophisticated in comparison However my spreadsheet incremented the annual withdrawals by inflation whereas your spreadsheet does everything at today's values; am I being pessimistic and should I work soley in current monetary values?
Comment from : javahouse

Anyone modify for the US?
Comment from : Daystar Hiker

Is it possible to convert values to USD?
Comment from : Barry Cycle

Loving version 20 Some great additions Great fan of your videos and of the planner which I managed to get to agree with what my own financial planner had come up with using i4c given similar assumptions The ability to simulate past market performance is a great addition I would be interested to hear how what you have added compares with "Timeline" which I think you showed on another video in terms of number of scenarios its possible to try I ask because I can try my 30-40 year retirement using start dates from 1928 to 1979 but it feels like a "more of what we've had in the last 20-30 years" might be more informative result Would love to hear you thoughts and also what you are planning for version 30!
Comment from : Michael Cox

Impressive video I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt) Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account) I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis How optimal would this be beneficial long term?
Comment from : Edna

Question- your worksheet doesn’t seem to take into account primary residence We are planning on selling ours in 5 years
Comment from : David Smith

Your rant about how our brains work short term was epic!
Comment from : David Smith

Nice
Comment from : The Mindie Molina Show

Clearly something wrong with how this model is handling inflation Add expected retirement income at say 65 at 25k and put in that you have a final salary pension of 25k from 65 and it appears to have a money machine
Comment from : Michael Bulmer

Hi James ,brThanks a lot for you videos , they are brilliant But I have an issue with the forecast dates It’s fine to calculate when a investment might run out of money But this doesn’t consider the other odds in play hereroughly 15 of people ever make 90 Possibly 50/50 that I even get to 85 We definitely need to consider this in our calculations Also , 90 year olds probably need nothing more than the state pension that’s covered anyway 🤷‍♂️
Comment from : Stuart B

Great spreadsheet better than the original one One comment I have is the one off contributions section If you have for instance a 28k contribution to add to the ISA at 65, but you’ve already exhausted the ISA Fund a few years earlier, adding the 28k has no effect I think it’s because the ISA value has gone below 0 sonegating the additional 28k Just a formula tweak I think
Comment from : Dave Selvester

Massive thank you for this calculator James I have been watching your videos for some time and find your advice well presented and clear I am 59 now and have been saving for my retirement for some years, and hope to take at least partial retirement from next year From initial view of your calculator my retirement looks more promising than I had previously anticipated
Comment from : Andrew Burt

🙏
Comment from : Paul Evans

Hi James, thanks for this cool tool, quite useful and user friendly On the worksheet "One Off Contributions/Withdrawals" I added 6500 on ISAs for each year as an additional contribution after retirement, however the calculation for that additional value stopped at the age of 65 under the "Your Year End Values " for ISAs Is there a reason for that? I am using this as a model for my info in Canada and we have TFSA where we can add $6500/yr for life, is there any other place to put it where the calculation can cascade forward without the limit at age 65?
Comment from : Elizabeth Arnelien

Hi love this software takes some of the uncertainty out of future financal projectionsbrretirement can be simulated with many different scenario's
Comment from : 560712

Retirement is not an end, but a new beginningYour dedication today will pave the way for a future filled with financial security and the freedom to pursue your passionsBig ups to everyone working effortlessly trying to earn a living while building wealth I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income
Comment from : Kayla Wood

In my 50s now, I was one who thought it was too late until discovering the possibility of investing, I will be able to invest about 1K a month Stocks and shares Isa or pension, which is best? I get tax relief on pension contributions but when it comes to drawing down it is taxed as income, whereas I can make withdrawals from the isa tax free, is it swings and roundabouts or will one grow much better than the other assuming same interest?
Comment from : wigan er

Thank you James from me & I'm sure all the people you help I've subscribed
Comment from : Stheno

James:br1/ The video links in Step 1 and Step 2 are identical Should the link in Step 2 be pointing to a different video detailing updates?br2/ Net Property Value (Inflation Adjusted) This shows for primary residence only Should it also show for Custom 1 to 3 and Property Portfolio?br3/ Assumptions Cell C49: "Any one-off pension withdrawal with have no tax applied to it" Aside from grammar, should this be "will have tax applied to it" Meaning if you take your pension as a single one off lump sum?brDave
Comment from : David Q

Retired Time for me is Best time in my Life !brI can go 55 age , Retired in FinlandbrNow I am 58 agebrMy Plan is I want to Retired Time in Finland & ThailandbrAbout 50/ 50 This is good idea !brIn Asia you need about 1500-2000€ / monthbr#Retired4You
Comment from : Retired 4 You

Will the tool track USD?
Comment from : David Chavarria

Awesome contentbrbrI have finally gained access to my pension account and can now review its details I wanted to seek your advice regarding whether I should pay for all the shortfalls or just a few specific years that I have missed I have attempted to contact the future pension center for guidance, but unfortunately, it has been difficult to reach them and obtain any advice Therefore, I am reaching out to you in search of expert advice brSo far I've got 4 years of full contributions, 11 years I did not contribute enough, so I've got 28 years to contribute before 5 April 2051brShould I make up the payment shortfalls in full or are there other considerations to take into account? brbrI greatly appreciate any guidance you can provide on this matter Thank you for your assistance
Comment from : Maxel Brig

Aged 56, SIPP pension fund worth £501k and tiny final salary scheme paying me £8k indexed at age 60 £42k remaining on my mortgage Advice please!
Comment from : Tancred De Hauteville

Hi James Is the retirement offline currently?
Comment from : JonW

Hi James, I'm currently working on a retirement Robo advisor project as part of a fintech introduction course that I'm taken I find your video incredibly helpful as I don't really have background in finance and not sure how retirement planning works :)
Comment from : Shahad

Hi - Just watched your retirement planning video fro 40/50 year olds - clicked link and found that you don’t work with non UK tax residents Could you recommend others that do Thanks Aron
Comment from : Aron Snelius

This is awesome James, adding the ability to model good and bad market returns takes it to another level Brilliant!
Comment from : Mark W

Hi James Can you tell me how and where do I find a financial planner to help with retirement planning and also to advise about potentially investing a lump sum? I’m just not sure what or who I am looking for
Comment from : Steve Fuller

Thanks James, very much appreciated
Comment from : Franxus83

Big fan of the original and really appreciate the updated version! brbrOne tweak which would help would be a way to alter the pension risk in retirement (ie I'm 100 now but closer to retirement I'd increase bonds) and perhaps de-risk further in retirement
Comment from : 12park12

Big fan of your content James Thank you
Comment from : Tim Glanton

very useful, helps give confidence in what i have planned, and that actually its ok to spend/use your pension funds
Comment from : stefan horn

the link seems to have broken, showing the file has been moved is there an issue with it?
Comment from : Peter Campbell

What about if your already retired?
Comment from : Glen

We’re all relying on the markets to be up at the retirement time lol
Comment from : XORTION

As a financial planner in training with a background in tech I've been working on some of my own spreadsheets/tools Love the monte carlo inspired addition and using historical trends to project retirement based on different phases of history
Comment from : Sam Connelly

Just discovered the calculator, it's great Have searched so long for a good pension calculator, but they always want to assume I am staying fully employed and earning until I am 57, they never have any option to stop earning earlierbrThey also always have your salary as a primary input, when it's absolutely not It only matters how much you are saving/investing or putting in your pension, and when that will stopbrI had tried to build one myself and the foundations are incredibly similar, but I had not got it to the point of adding a partner and some of the other details you havebrThanks!!brA question if you happen to see this - in the 2nd tab, the state pension stays at the same amount forever Same as spending I can't quite wrap my head around why it doesn't increase over time in this tab, when other parameters do?
Comment from : Andrew Tulloch

Got a version in dollars?
Comment from : Moustaki

Thank you James, the previous version has been very useful and relevant to my personal situation
Comment from : Simon Battle

Hi James, does your tool use Monte Carlo simulations to estimate the sensitivity scenarios?
Comment from : Salvador Sandoval

Where is the download link? Or am I being thick 😂
Comment from : Lee Hall

Its a CON to offer something as Free when you ask people to provide email information and personal details
Comment from : B L

F*ck it , live fast, die young, leave a broke corpse
Comment from : Count Eldamar

I like this vid Good insight and what a great tool I will share with family as we all need to be doing more investing
Comment from : GerrysPlace

And where is the link for this tool
Comment from : Robert Anderson

Great tool, thank you! Was just wondering - in the retirement "Annual Expenditure" section, should the figure we enter be before tax, or after? ie if you want to spend 30k per year, should you actually enter 39k as this is the pre-tax amount you'd need to earn to get 30k?
Comment from : theboltonradiocorp

James, do you think this is a good time to buy Vanguard Life Strategy 80 as a 35 year old I know bonds have done really poor so wondering your perspective on this
Comment from : Andy

Your background is insane Are you in the UK?
Comment from : services two

Would you like to work on an app so it’s easier and more accessible?
Comment from : CapinCrunch

just downloaded, tried a few inputs and seems a very useful tool
Comment from : mark s

Oooooh how exciting! I’ve been using your tool for over a year - Looking forward to take this for a test drive Thanks James
Comment from : Christopher Harris

A great improvemnet from the previous version It doesn't allow for the difference in Scottish tax rates therefore what would I need to modify to take that into account please?
Comment from : stuartamorrison

I wonder if this calculator and channel is suitable for those in the US?
Comment from : George M

I Wonder how the Retirement plans of Retired people living in , Lebanon or Sri Lanka are Going ?
Comment from : jimmy HVY

Great tool really useful Though I notice when I download the tool to an excel xlsx file some of the charts seem to mess up , mainly the 'total liquid Assets' box, also the figures displayed in the 'alternative performance scenario box are different on the downloaded version Is the download version an pre beta version?
Comment from : Warren Gourlay

The model isn't going to work Market is dynamic and what worked before wont work again Zirp is over and banks and businesses will drop like flies Dividend growth stocks is over, its underlying will underperformed so you're taking unnecessary risk for no reward PMs are overpriced and goldand silver are both distributing 5th waves Nothing is safe
Comment from : Bobody

Keep up the good work James 👍
Comment from : Mark Lonsdale

I think there might be a bug in the net property calc James - it doesn’t seem to like zero mortgages Works OK if you enter £1 as a balance with no rate or term
Comment from : Clive Austin

Retirement PlanHa ha haReally???brThe World is at War, but the Fools think They will still be able to retire
Comment from : Misha Guevara

Thank you James This is fantastic ❤ However, just to clarify when I put in a figure in the expenditure say 30k that's what I will actually be able to spend each year, so there's no tax of that amount?
Comment from : Victoria

nice work
Comment from : damien floer

is there somewhere to add LISA and JISA?
Comment from : docjc100

This is an excellent modelling tool and I have shared it with others having seen the benefits it clearly provides I hope others will use it as a means of better understanding the impact that the variables have on retirement planning The one possible enhancement for me would be if the projected withdrawals from drawdown allowed for the correct tax treatment of the pension income The pension withdrawals appear to be based on total expenditure less taxed income If I have read the guidance note correctly, by not allowing for tax deductions on the pension itself, the pension withdrawals used will not cover the calculated deficit Apologies if I have misunderstood
Comment from : Mark Jones

Thanks James, I enjoy your content and find your tool very useful cheers
Comment from : Cam Muir

Excellent - many thanks James
Comment from : Lee Benneworth

Nailed It Thanks for sharing
Comment from : cabbio540

Thanks
Comment from : Mark Halford

An excellent model I have long modelled out my own retirement including property and equities, out to 90 This model has come very close (within 5) of my own model using historic assumptions, income levels, current SIP balances et al Keep up the great work James, no doubt you are helping a great many people with this channel!
Comment from : Mark Halford

Thank you very much You didnt have to this but you did and I am grateful
Comment from : Alex

Thank you Some success, but not sure I've correctly adjusted the data to show I have no partner Is there a simple way to set to being alone?
Comment from : P Hayes

Liked, already subscribed Massive thanks to you James for providing this very useful tool for free, much appreciated I'm 52, but haven't decided when I want to retire (or more impotently, when I could retire) so I'm really starting to weigh up all my options
Comment from : Lee

Awesomebrupdate! Thanks James 😊
Comment from : thebigawb

Great work James, looking forward to using it
Comment from : Gavin

Thanks for this I'm new to the tool and started to play with it I am still adding my details but have entered my current Pension value but it doesnt show on the graph currently I have added a further entry for cash and that is being reflected but adding and changing a pension current value is not showing on the value graph I have also added an entry for the yearly contribution to the pension Any help appreciated please ?
Comment from : Kevin Russ

I tried v11 and the graph it produced confused me It thinks I will be generating cash around age 96 and also at that time it seems to think that my pension funds will get a second wind and start going up in value again Maybe I'm missing something but it just doesnt seem accurate to me right now I'll try v2 with the same inputs and report back So in v2 the 'total liquid assets' graph says I will run out of money around age 100 but still shows me magical obtaining cash after age 100
Comment from : Plastic Creations

Excellent sheet Thanks
Comment from : Rudiger Wolf

Thank you sir Excel rocks 🙌
Comment from : Yellow Vurt

Fantastic James that you've taken the time to build on your first model to help people out even more This is a great tool to help people get to grips with their future finances and after I downloaded v10 I've shared with plenty of other people to help them start to plan their path to retirement It's amazing that so many people are just hoping for the best! Hope that this next version brings you many more well deserved subscribers
Comment from : Gavin Phipps

Regarding the 4 rule, Why don’t more YouTube financial planning influencers talk about front-loading retirement distributions? This makes sense for people who retire before Social Security and/or pensions kick in
Comment from : Matt Fellers

Hi James, I'm a local government officer and I have a defined benefit scheme, together with an AVC I've never really fully understood how this works, other than I can see my projected annual income at retirement But how do I know how big the pot I potentially have to leave to my kids is? 🤷
Comment from : glyn jones

Hey James Have you done a video on how a financial/pension advisor would work in helping a person at, or very close to retirement age, looking for their first retirement income from a pension fund? Such things as typical cost of the advice, what the advisor would look at, how they would go about recommending pension provider options, and when a decision is made on a new pension provider how any transfer from your current invested provider to the new provider for releasing pension income would work? Like a step by step guide on the process My main concern is the cost of a pension advisor as I've heard typical costs of around 1 of the pension fund which on a mature pension is quite a chunk of cash to pay, plus other things such as the pension fund is transferred to the financial advisor before being transferred to the new pension provider which would worry me - so why I've been trying to learn as much as possible myself, but this is one area where I don't know how it works Thanks
Comment from : Chip Barm

Hi James, really like your videos After watching one of your other video when you should Timeline App, I was about to download a demo version which allows 2 client to be used for planning for free Would be great to see a video of how best to set-up an example client and use the levers in this tool - Thanks Andrew
Comment from : Andrew Cumming

As a teacher I have a defined benefit pension 10 of my wages are taken each month for this? I’ve never fully understood how they work
Comment from : RyanOtekki