Does anyone know of a retirement calculator that figures in declining cash requirements as we age?
Question by sarah m: Does anyone know of a retirement calculator that figures in declining cash requirements as we age?
Actually, it is possible to have declining cash needs if you are planning to do a great deal of traveling during the first 5 to 10 years then settling back to a more domestic life with possible part time work, extremely self-sufficient children and a paid off/low maintenance house — the latter 2 of which we are already enjoying. Of course there is always the risk of something catastrophic later in life but, I feel like we’re very well prepared for most anything.
Best answer:
Answer by titoalbanaples
I never heard of such a calculator. Check out this site, it has all kinds of financial calculators easy to use from your computer…http://www.moneychimp.com/calculator/annuity_calculator.htm
Know better? Leave your own answer in the comments!
Financial Planning For Retirement
Plan Your Retirement For Maximum Financial Gain By The Time You Hit Your Golden Years! Get Rid Of Your Retirement Planning Agent & Do It Yourself For Maximum Upside Financial Benefit! Learn How Anyone Can Plan Their Own Retirement Without High Fees From The “Well Known” Investment Houses!… YOU CAN Plan Your Retirement Like A Pro & Set Your Money Up For Safe & Stable Growth Even In Our Turbulent Times… Plan Your Own Retirement & End Up With More Cash In The Bank When You Finally Decide To Kick Up Your Feet & Retire!
Rating: 
(out of reviews)
List Price: $ 1.99
Price:
Related posts:
- where do i find a “retirement savings calculator” on-line?
- Which option did you initially choose, cash or annuity? How were your winnings affected by the cash option?
- Q&A: High-3 Retirement Calculator Pay?
- TTP Responsibility Calculator – A Learning Game
- “What’s Your Number?” – Retirement Calculator in iTunes App Store!
- Whats a seriously detailed retirement calculator?
- Retirement Fund Calculator – RRSP Canada – Ten Star Financial Services
- Q&A: Retirement Calculator-What does it mean?
- Pinpointing a Straightforward Retirement Calculator That Functions
- Q&A: Where can I find a good retirement calculator?
I don’t think it is very common for people’s cash requirements to decline as they age. That certainly hasn’t been the case for anyone I’ve known.
Even in your case, it doesn’t sound like you really have “declining cash requirements”. You really just need a big lump sum at the beginning to finance your travel, then followed by the usual ongoing retirement needs (which, with inflation, will be unlikely to be declining). So, I would say you just need to figure how much you need for that first travel period, set that aside as a separate lump sum, and then use the normal calculators that figure in inflation and so forth for the remaining time after that first travel stage.