7 Best Free Retirement Planning Spreadsheets (Updated for 2024)
Preparing your retirement takes careful planning that begins years in advance. A spreadsheet is a perfect tool for the job.
With a retirement spreadsheet, you can easily input your own numbers and experiment with different savings, investment growth, and withdrawal rate scenarios. This will provide an accurate picture of what your retirement might look like. It can also help you see where to make changes today to get where you want to be in the future.
(Of course, the future is uncertain, as are long-term rates of return, inflation, and even lifespan, so no plan is guaranteed – but as they say, failure to plan is planning to fail.)
Spreadsheets are also the one financial planning tool you will never outgrow. You can start using one today to budget, pay down debt, and track your net worth. And then in your post-retirement years, you can customize your spreadsheet with a budget that helps you optimize spending and protect your nest egg.
Following a budget can help you save more for retirement and reach your long-term financial goals. Learn about Tiller’s Foundation Template.
Get started with an easy retirement template
You can build your own retirement planner, but it’s faster and easier to get started with a free template. So here are seven of the best free retirement spreadsheet templates.
These spreadsheets can even help you find the best age to retire. For example, you might want to plan for early retirement, or a hybrid scenario where you keep working part-time or otherwise choose to delay your social security benefits.
What a retirement template should show you:
- your current savings, investments, and net worth
- years to retirement (or your age at retirement)
- annual withdrawal rate – usually recommended as 4% of your portfolio, adjusted for inflation each year
- investment return rate – how much your investments and savings are returning on average over many years, often recommended at 4 – 8%
- projected income needs for retirement
- additional income sources as such social security, pensions, or annuities
- Cost of living calculator
- ways to model taxes
Explore the Retirement Spreadsheets
Note: Getting Your Financial Data Into A Spreadsheet
Most of the spreadsheets below don’t need your actual bank statements or live financial data to forecast your retirement; ballpark figures should work.
However, if you want to run scenarios based on your real financial numbers, this post explains how to get your bank data into a spreadsheet.
Or you can sign up for a free trial of Tiller for the fastest, easiest, and most accurate way to keep your finances and savings updated in a spreadsheet.
Each day Tiller automatically imports your account balances, savings, and spending directly into Google Sheets and Microsoft Excel. Learn more here.
Retirement templates for Google Sheets
Retirement Planning Spreadsheet for Google Sheets
The flexible and easy-to-use Retirement Planner spreadsheet estimates the value of your savings and investments into the future. Experiment with growth rate scenarios and project outcomes in real time.
Note: Because it’s powered by Tiller, this template automatically pulls in your daily spending, balances, and transactions to show your daily progress toward your retirement goals.
Learn more about the Retirement Planner Spreadsheet
Retirement Calculator for Google Sheets by Vertex 42
This useful spreadsheet helps you track retirement goals, rates of return and inflation, current savings rate, and basic retirement needs.
Retirement Spreadsheet Recommended by Reddit
The inputs for this spreadsheet include:
- Working ROI – Estimated annual return on investment during working years.
- Retired ROI – Estimated annual return on investment during retirement.
- Retired SWR – Safe Withdraw Rate, or amount (%) of total investment you plan on withdrawing annually during retirement.
- Savings Rate – Percentage of income you will save during working years.
- Beginning Bal (EOPY)
- Salary – Your current annual salary including bonuses.
- Annual Sal Increase – Estimated annual raise.
- Est. Mo. SS Benefits – Estimated monthly Social Security benefits, which can be calculated from the Social Security Administration website HERE.
- Birth Year – Year of your birth.
- Retire age – Age you plan to retire.
- SS Benefits Age – If you plan to collect benefits at 64, put 64
Retirement Calculator Spreadsheet
This is an easy, simple retirement calculator in Google Sheets to help you see what your financial situation might look like based on several customizable factors like desired yearly spending and current retirement Stash.
Open Google Sheet
Retirement templates for Excel
Retirement Planning Spreadsheet for Microsoft Excel
Based on the Retirement Planner for Google Sheets above, this workbook template for Excel estimates the value of your savings and investments into the future. Experiment with growth rate scenarios and project outcomes in real time.
Note: Because it’s powered by Tiller, this is the only automated spreadsheet template on the list – it automatically pulls in your daily spending, balances, and transactions to show exactly where you stand each day.
Learn more about the Retirement Planner Spreadsheet for Excel
Retirement Financial Planner for Excel
Set your retirement goals and determine how much savings you need with this accessible retirement financial planner template.
Enter your age, salary, savings, and investment return information, as well as desired retirement age and income, and the retirement planning template will calculate and chart the required earnings and savings each year to achieve your goals.
Financial Independence / Early Retirement Estimator for Excel
Prepare for a fulfilling retirement using this financial independence, retire early (FIRE) estimator template. Take control of your goals, evaluate risks, and adjust your lifestyle thoughtfully. Start planning your ideal retirement with this accessible template.
Cash flow planning spreadsheets
Careful cash flow planning is crucial for retirement security. By projecting income streams from investments, pensions, and Social Security against estimated expenses, retirees can identify potential shortfalls early.
Cash Flow Forecast Templates for Google Sheets and Excel
The Cash Flow planning template for Google Sheets and Excel allow you to forecast your cash flow into the future and test different income/expense scenarios over the long term.
Bonus: Net Worth Trackers
Net Worth Spreadsheets
Whether your goal is to retire at 35 or 75, tracking your net worth can keep you organized and speed your progress. Indeed, tracking your net worth is a powerful way to stay aware of your financial standing, making it easier to prepare for retirement.
It can also help you make smarter money decisions for your long-term financial health.
You must be logged in to post a comment.