NetWorth Planning of:
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Please make sure you fill in your RETIREMENT AGE, YOUR AGE NOW, GROSS SALARY TODAY, and EARNING RATE.
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WORKSHEET NO. 1: NET WORTH PLANNING
RETIREMENT AGE
YOUR AGE NOW
NO. OF YEARS TO BUILD RETIREMENT
(Retirement Age LESS your Age Now)
INFLATION RATE ESTIMATE
5%
GROSS SALARY TODAY
X
FACTOR TO BE USED (TO MULTIPLY)
(Taken from page 68, of Pera Mo, Palaguin Mo Workbook; 5% and no. of years to build your retirement)
MONTHLY SALARY UPON RETIREMENT
TIMES 12
YEARLY SALARY UPON RETIREMENT
(multiply by 12 months)
EARNING RATE DURING RETIREMENT
10%
TARGET EARNING ASSET
(Yearly Salary Upon Retirement DIVIDED BY Earning Rate During Retirement)
EARNING/INTEREST EARNING RANGE TABLE
AGE
NET
EARNING RATE
21 to 30 years old
18% TO 20%
31 to 40 years old
15% TO 18%
41 to 50 years old
12% TO 15%
51 to 65 years old
10% TO 12%
Retirement Age
8% TO 10%
Choose an earning rate based on your age range
Please put the whole number. Example: If 20%, please put 20.
FACTOR TO BE USED (TO DIVIDE)
(Taken from page 70 of Pera Mo, Palaguin Mo Workbook; Earning Rate and No. or Years to Build Your Retirement)
REQUIRED YEARLY SAVINGS
(Target Earning Asset DIVIDED BY Factor Found on Page 70 of Pera Mo, Palaguin Mo Workbook)
DIVIDED BY 12
REQUIRED MONTHLY SAVINGS
(Required Yearly Savings DIVIDED BY 12)