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Follow these directions to complete
the Projected Retirement Budget Work Sheet below.
- Enter your current annual
income from all sources
applicable to your situation.
- Enter your current annual
expenses, using the budget work sheet
as a guide.
- Subtract annual total expenses from
annual total income. This is your
annual budget surplus or
shortfall.
- Use the Rate Of Inflation chart
to determine the effect inflation may
have on your projected retirement
expenses. Select the number
of years until your projected
retirement. Then, multiply
your Annual Total Expenses
by the selected
rate of inflation factor. The
result will be your expenses
adjusted for inflation.
- Continue the same steps 1–4
to calculate your projected
retirement surplus/shortfall
with inflation for yourself and
your spouse, if applicable.
| ———
Please Print
For Your Convenience ——— |
| |
Current |
Retirement
Self (projected) |
Retirement
Spouse(projected) |
| Annual Income |
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| Part-time work |
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| Corporate pensions |
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| Government pensions |
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| IRAs |
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Simplified Employee
Pension Plan SEP IRAs |
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| Keogh plans |
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| Social Security |
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| Annuity installments |
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| Rental income |
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| Bond interest |
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| Stock dividends |
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| Mutual fund dividends |
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| Money market interest |
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| Other |
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| Total Income |
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| Annual Expenses |
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| Mortgage/Rent payment |
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| Property taxes/Homeowners insurance |
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| Federal income tax |
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| Social Security tax |
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Home maintenance/Improvements/
Furnishings |
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| Utilities |
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| Food |
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| Laundry/Dry cleaning |
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| Medical expenses/Health insurance |
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| Life insurance |
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| Long-Term Care insurance |
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| Vehicle payments/Insurance/Gas/Repairs |
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| Charitable contributions |
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| Gifts |
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| Travel/Entertainment |
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| Education |
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| Loans/Credit Cards |
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| Other |
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| Annual Total Expenses |
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ANNUAL SURPLUS/SHORTFALL
(Total Income minus Total Expenses) |
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Basic Money Management
Basic Money Management
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