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Budget Calculator

Retirement Budget Worksheet
To prepare for retirement, you need to get expenses under control.
Use this sheet to determine your cash flow. Include all expenses and income.
Totals will be calculated for you. Let's start with expenses:

Monthly Living Expenses 
Alimony / Child Support (outgoing)
Auto Gas and Repair
Auto Insurance
Cable TV/ Satellite Fees
Charitable Contributions
Clothing Maintenance (Laundry/Dry cleaning)
Clothing Purchases
Club dues
Electric Bill
Entertainment (movies, casino)
Food (In-home / Groceries)
Food (Out of home - Lunch, Dining)
Gas and Oil Bill
Health and Dental Insurance
Holiday Shopping and gifts
Homeowner/Condo/Co-op fees
Homeowners/ Renters Insurance
Household items
Internet Access (AOL,MSN, DSL)
Life and Disability Insurance
Memberships (Health club etc.)
Personal Care (Grooming)
Prescriptions
Property Services (Gardener,Pool)
Savings for rainy day (replace water heater)
Security Services (Alarm)
Subscriptions
Tax escrow
Telephone (Home, Cell, Pager)
Trash Disposal
Vacation account
Water Bill
Other Expenses
Other Expenses
Other Expenses
Total Monthly Living Expenses 
 
 Notes:
Get core expenses under control
before retirement begins.

Establish a monthly income for life
to cover the necessary expenses.
Secured Debts (Monthly Payments) 
Rent
1st Mortgage
2nd Mortgage
Land Lease (Trailer park, other)
Student Loans
Auto Loans/Leases
Recreation (Boat, ATV, etc.)
Past Due Taxes
Second Home / Cottage / Camp
Other Debts
Other Loans
Other Loans
Total Secured Debt 
 
 Visit the loan officer
to possibly consolidate or
refinance loans.
Unsecured Debt 
Visa
Mastercard
Discover
Department Store (Sears, JC Penney)
Credit Card 5
Credit Card 6
Credit Card 7
Credit Card 8
Personal Loan 1
Personal Loan 2
Medical Bill Payment
Other
Other
Total Unsecured Debt 
 
  
Monthly Take Home Income 
Total Salary and wages
Withdrawl from savings
Social Security
Pension/Retirement
Interest on Accounts
Alimony / Child Support (received)
Real Estate rent (income)
Investment Dividends
Reverse Mortgage
Other
Other
Other
Total Take Home Income 
 
  
Summary 
Total Take Home (Income )
 
Total Living Expenses (-)
 
Total Secured Debt Payments (-)
 
Total Unsecured Debt Payments (-)
 
Disposable Income 
 
Disposable Income as Percent 
 
  
A healthy budget will have a minimum of 5% disposable income.
Ensure that your income for life will cover your core expenses.