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.
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.
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)
- After that, press ENTER to get the output.
- Finally, use the Fill Handle to autofill up to D16.
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.
Things to Remember
- Use absolute reference to lock a cell.
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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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