Everyone ages but while we are young, we work hard to give ourselves a good life where possible. But one also has to think about the future. It is not just for the kids but also for our own selves. There must be a retirement savings that we can depend on instead of our kids or social security. What if the government declares bankruptcy or changes the law of social welfare? It is always better to depend on self than others. And the best way to go about it is to start saving while we are young for our old age.
There is a retirement savings template which one can use to compute the amount of money you would require during your retirement years. This will help you be focused on what you need to do to prepare yourself now for your future.
The retirement savings template allows you to input your current age, projected retirement age and life expectancy to compute the amount of money you will have based on your investments and expenditure. It may not be an accurate figure but it gives you an idea of what to expect so that you can be prepared for your future.
The retirement savings template may display:
* Your Name
* Current age
* Expected Retirement age
* Life expectancy
* Passive Income
* Expected Annual Expenditure
* Expected Retirement Amount
* Expected Withdrawal amount
Consider the attached sample template for your convenience.