# Managerial report with 5 steps in excel

Tyler is 37 years old and would like to establish a retirement plan. Develop a spreadsheet model that could be used to assist Tyler with retirement planning.

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Your model should include the following input parameters:

Tyler’s current age = 37 years

Tyler’s current total retirement savings = \$259,000

Annual rate of return on retirement savings = 4 percent

Tyler’s current annual salary = \$145,000

Tyler’s expected annual percentage increase in salary = 2 percent

Tyler’s percentage of annual salary contributed to retirement = 6 percent

Tyler’s expected age of retirement = 65

Tyler’s expected annual expenses after retirement (current dollars) = \$90,000

Rate of return on retirement savings after retirement = 3 percent

Income tax rate postretirement = 15 percent

Assume that Tyler’s employer contributes 6% of Tyler’s salary to his retirement fund. Tyler can make an additional annual contribution to his retirement fund before taxes (tax-free) up to a contribution of \$16,000. Assume he contributes \$6,000 per year. Also, assume an inflation rate of 2%.

Managerial Report

Your spreadsheet model should provide the accumulated savings at the onset of retirement as well as the age at which funds will be depleted (given assumptions on the input parameters). As a feature of your spreadsheet model, build a data table to demonstrate the sensitivity of the age at which funds will be depleted to the retirement age and additional pre-tax contributions. Similarly, consider other factors you think might be important.

Develop a report for Tyler outlining the factors that will have the greatest impact on his

retirement.

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