How to Create a Retirement Cash Flow Calculator in Excel

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Excel is the most widely used tool for dealing with massive datasets. We can perform myriads of tasks of multiple dimensions in Excel. This article will show you how to create a retirement cash flow calculator in Excel.

This is the dataset for today’s article. I have the date of retirement and rate per period. I will use them and prepare a retirement cash flow calculator.

retirement cash flow calculator excel


Step 1: Calculating the Number of Payment Periods to Create a Retirement Cash Flow Calculator

The first step is to calculate the number of payment periods. This is the difference between retirement day and today in months. I will use the DATEDIF function in this step.

  • Go to G7 and write down the following formula
=DATEDIF(G4,G5,"M")

  • Then, press ENTER to get the output.

payment period retirement cash flow calculator excel

Read More: How to Create a Real Estate Cash Flow Model in Excel


Step 2: Measuring Quarterly Future Value

The next step is to calculate the future quarterly value. For this reason, I will use the FV function.

  • First, I will assume a monthly payment and the present value. These values will be negative.

  • Then, go to D5 and write down the following formula
=FV($G$6,C5,$G$8,$G$9,0)

Future Value retirement cash flow calculator excel

  • After that, press ENTER to get the output.

  • Finally, use the Fill Handle to autofill up to D16.

Future Value retirement cash flow calculator excel


Step 3: Calculating Total Future Values to Create a Retirement Cash Flow Calculator

Finally, I will now calculate the future value. The FV function will also work here. To do so,

  • Go to G10 and write down the following formula
=FV(G6,G7,G8,G9,0)

  • Then, press ENTER to get the output.

Total Future Value retirement cash flow calculator excel


Things to Remember

  • Use absolute reference to lock a cell.

Download Practice Workbook

Download this workbook and practice while going through the article.


Conclusion

I have explained how to create a retirement cash flow calculator in Excel. I hope it helps everyone. If you have any suggestions, ideas, or feedback, please feel free to comment below.


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Akib Bin Rashid
Akib Bin Rashid

AKIB BIN RASHID, a materials and metallurgical engineer, is passionate about delving into Excel and VBA programming. To him, programming is a valuable time-saving tool for managing data, files, and internet-related tasks. Proficient in MS Office, AutoCAD, Excel, and VBA, he goes beyond the fundamentals. Holding a B.Sc in Materials and Metallurgical Engineering from Bangladesh University of Engineering and Technology, MD AKIB has transitioned into a content development role. Specializing in creating technical content centred around Excel and... Read Full Bio

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