Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Excel file or suggestion?
Old 07-07-2016, 09:55 AM   #1
Dryer sheet wannabe
Join Date: Mar 2016
Posts: 20
Excel file or suggestion?

I have my retirement schedule in excel with an investment tab, SS/pension details, Budget by time (I retire, He retires, full retirement with all income) and misc. items. I would like to have software or an excel file that will extrapolate based on withdrawal percentages and do more detail for budgeting. Does anyone have a suggestion or file template to share? I am using Personal Capital and have data in FireCalc (and a few others), but neither have given me just the right detail.

ecowtent is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-07-2016, 10:55 AM   #2
Thinks s/he gets paid by the post
Options's Avatar
Join Date: Jan 2008
Location: Los Angeles but not for long
Posts: 1,373
Lawrence Kotlikoff's ESPlanner is pretty robust and will probably meet your needs. I didn't renew it after my computer crashed and I lost the software because CFIRE and FIDO coupled with spreadsheets are good enough for me.

"He who knows that enough is enough will always have enough."
40/60 AA; < 2.5% WR; Delaying SS until 70
ER Date: 5/15/15
Options is offline   Reply With Quote
Old 07-07-2016, 12:56 PM   #3
Thinks s/he gets paid by the post
sengsational's Avatar
Join Date: Oct 2010
Posts: 2,836
I just made a real simple spreadsheet today. One column for each month (only going out a few years since the real long-term stuff is handled elsewhere). The only money in this spreadsheet is after-tax. The first data row is cash on hand, then several rows, one row for normal expenses, another one for a bond that's going to mature, another one for IRA withdrawals, another one for non reoccurring expenses (I make a comment on the cell). The starting cash and net cash flows for the month become the starting cash for the next month.

That being said, if someone has a more sophisticated sheet, I'd be interested. But with others' spreadsheets, unless it's documented very well, and their situation is similar to yours, it becomes more work to adopt the spreadsheet than to design your own.
sengsational is offline   Reply With Quote
Old 07-07-2016, 01:59 PM   #4
Thinks s/he gets paid by the post
Join Date: Mar 2011
Posts: 2,890
I created an excel file that lists each month.

It is tied to my excel check register and all/any expenses are listed as a total for each month, with an average multiplied by 12.

I update it at the end of each month and move to the next month.

I exclude exceptional expenses (like a new roof or something) in order to get an accurate "normal" set of annual expenses.
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 07-07-2016, 04:06 PM   #5
Full time employment: Posting here.
Cobra9777's Avatar
Join Date: Jul 2012
Location: Texas
Posts: 805
I use Fidelity Full View to accumulate transactions and balances (similar to Personal Capital). I periodically transfer monthly totals from Full View into my retirement spreadsheet. It has tabs similar to OP... portfolio, budget, taxes/Roth, SS, and withdrawal strategy. There's also a tab to keep track of my rentals. A couple times per year, I refresh the assumptions and run some long-range projections in Excel, and then stress-test the results against FIRECalc, Fidelity RIP, and sometimes i-ORP.

I've experimented with lots of software, but could never get it to do everything I wanted with the right balance of detail for our situation. Excel was the answer for me. Fidelity Full View still does the hard stuff like collecting transactions, categorizing, and summarizing. I just move whatever summary data I need into Excel for purposes of retirement planning, tracking, and analysis. Too many of the online tools are like "black boxes." I can't fully see what's happening inside the box. Excel can be error prone if you're not careful. But the flexibility to structure the analysis according to your specific situation is why I'll stick to this method.
Retired at 52 in July 2013. On to better things...

AA: 45% stock, 35% bonds, 15% real estate, 5% cash
Cobra9777 is offline   Reply With Quote
Old 07-07-2016, 04:09 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,202
You can sort of do what you are looking for in Quicken... use the budget tool for your retirement budget and the Lifetime Planner tool for your retirement plan. You can also do a What-If to see how changes in assumptions impact your plan. Unfortunately, the retirement budget does not link to the retirement plan... you need to input the total from the retirement budget as your retirement plan expenses.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is offline   Reply With Quote
Old 07-07-2016, 04:40 PM   #7
Recycles dryer sheets
Join Date: Jun 2005
Posts: 301
This might be of interest, it is more geared to "when am I FI" but is pretty detailed, worth a glance anyway:

One sheet to rule them all...
runchman is offline   Reply With Quote
Old 07-07-2016, 07:57 PM   #8
Thinks s/he gets paid by the post
zinger1457's Avatar
Join Date: Jul 2007
Posts: 1,086
I've also used Lifetime Planner that comes in Quicken and thought it was helpful and easy to use. It does allow you to create separate entries for both you and your spouse and and you can go in and change any assumptions (inflation, expenses, income, etc.) you've made and see the impact of those changes.
zinger1457 is offline   Reply With Quote
Old 07-07-2016, 08:25 PM   #9
Recycles dryer sheets
Join Date: Nov 2013
Posts: 64
Originally Posted by pb4uski View Post
You can sort of do what you are looking for in Quicken.
I track all expenses and investments in Quicken by auto-importing banking data and quotes regularly. The reports allow me to see any time period and month-over-month or year-over-year comparisons for spending, net worth, cash flow and asset allocation. The spending categorization is not exactly automatic, so it does take ongoing effort to keep the data updated and correct.

I don't use the budgeting feature but it does exist. The included Lifetime Planner is not bad but I prefer to report my income/expense numbers and then enter those into Fidelity RIP for its simulations. You can also export Quicken data to Excel if you want to run additional analysis. I bring a cash flow report along when I meet my Fido advisor so we can review along with the portfolio.
Done is offline   Reply With Quote
Old 07-08-2016, 09:08 AM   #10
Thinks s/he gets paid by the post
sengsational's Avatar
Join Date: Oct 2010
Posts: 2,836
Originally Posted by runchman View Post
This might be of interest, it is more geared to "when am I FI" but is pretty detailed, worth a glance anyway:

One sheet to rule them all...
Interesting sheet. To use an airplane landing metaphor, the sheet seems tuned to more of a "downwind leg" (farther from retirement/landing), whereas the OP might get more out of something tuned to "base" or "final approach".

sengsational is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
File and Suspend versus File and Restrict Chuckanut FIRE and Money 12 10-18-2014 07:19 AM
How do I attach an xlsx file or an Excel graph? Ed_The_Gypsy Forum Admin 15 03-09-2013 01:24 PM
Need suggestion on fastest way to learn Excel Orchidflower Other topics 16 06-05-2008 03:47 PM
How can I post an Excel file? accountingsucks FIRE and Money 4 07-10-2006 08:23 AM


All times are GMT -6. The time now is 02:53 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.