How Do You Create Excel Worksheets To Monitor Retirement Benefits?
Planning your retirement involves a lot of calculations, covering contributions to your retirement account, the interest rate that account is taking on and the cumulative total of what’s going on. Making an Excel worksheet to monitor this for you can be an illustrative exercise in figuring out how your retirement nest egg will accumulate. This Excel worksheet gives you year by year cumulative totals, and is meant to be updated each year with the corrected rate of return and any changes in monthly contributions. Open Excel and create a new workbook. You will be labeling six columns, with Age (A1), Percentage Rate of Interest (B1), Monthly Contribution (C1), Average Annual Contribution (D1), Total Annual Contribution (E1) and Cumulative Total (F1). Enter in how much you’ve saved for retirement to date in cell F2. Enter your current age in cell A3 Enter the formula =A2+1 in cell A4. Copy and paste the formula from A4 through to all cells from A5 to A50. Enter the interest rate you expect
