Planning for retirement starts with knowing what you earn and what you spend. Use this budget worksheet to see the difference in your income and costs before and after you retire.
Figuring out your retirement budget
If you’re getting closer to retirement, chances are you are thinking about how your cash flow may be different than in your working years. This calculator will help you compare your income and expenses in retirement.
To use this calculator, it will help to gather (or estimate) the following information:
- Your current income and expenses each month (pre-retirement)
- Your monthly income after retirement (pension, benefits, employment, etc) and your monthly expenses after retirement (including housing, groceries and essentials, travel, insurance, etc)