Mortgage Calculator Excel
Planning Your Mortgage with an Excel Calculator is One Thing; Planning Your Retirement Is Another
It is easy to create a mortgage calculator with Excel. You open a blank Excel spreadsheet and then you enter information about the mortgage that you have or the mortgage loan that you are taking into consideration: the interest rate of the mortgage loan, the number of months that you will have to make payments and the amount of the payments that you make or that you would be required to make. With a few cells of data and simple calculations, you will have an Excel mortgage calculator.
While it is possible to build a mortgage calculator in Excel, building a retirement calculator is a more difficult project. To begin with, you will not be looking at the information about one loan account, nor will you be comparing a few loans that you might take out. Instead you may have multiple retirement savings accounts - IRAs, employer sponsored 401Ks, annuities, or other accounts that you are using in order to save for your retirement. Each savings account that you have will have different factors that are associated with it: interest rates, withdrawal fees and, in some cases, investments that are made using the account's funds.
Similarly, you are likely to have more than one investment. You may invest in a number of different stocks or bonds or mutual funds. You may want to evaluate each of your investments separately as well as to evaluate the ways in which they work together.
In order to evaluate all of your retirement savings accounts and investments, you will not need a simple spreadsheet like that of an Excel mortgage calculator. Instead you will have a sheet full of numbers, and no idea of how to evaluate them. You will have a sheet of numbers that may not even make sense to you.
Based on that, an Excel retirement calculator similar to an Excel mortgage calculator does not seem like a practical solution. But a practical solution does exist; and all that you need to do in order to get it is to click the blue button at the bottom of this page and to download it for free.
Once you have downloaded it, you will be able to enter information about the savings and investment accounts that you have and your financial planning picture will come into focus. You will be able to see how your savings and investment accounts have performed over time - both individually and in combination with each other.
Similarly, you will be able to use the retirement calculator to see projections for how your savings and investment accounts will perform over the next twenty five years. The projections will already take into consideration to impact of changing interest rates and inflation on your savings - you will not need to create a formula for determining the your actual income on your own.
Another advantage of the retirement calculator over a spreadsheet-based mortgage calculator in Excel: you are not limited to looking at the values for the investments that you already have. You will also be able to look at those investments and other changes you might make to your retirement savings will affect your ending balance.
And there is still another reason why the retirement calculator is better than a mortgage calculator built with Excel: when you download the retirement calculator, you will also receive a free consultation with a financial advisor who can answer your questions, give you advice and help you to put your financial plan into action.
Just because a mortgage calculator can be built in Excel, does not mean that it is possible to do the same for a retirement calculator. If you are looking for a retirement calculator, click the blue button below to download one at no charge. See for yourself how easy evaluating your retirement finances can be.