Retirement Budget Worksheet

Here are the common categories that should be included on any retirement budget worksheet. Customize to add your own, then input into an Excel spreadsheet.  Here is a budget worksheet  that you can adapt.

Expenses
Clothing
Food
Property taxes
Income taxes Federal
Income taxes State
Home Insurance
Home Maintenance
Auto Maintenance
Gas
Life Insurance
Car insurance
Health Insurance and copays
Landscaping/snowplowing
Entertainment
Cleaning
Vacation
Credit card misc
Cable/phone
Water
Home heating
Alarm
Electricity
Cell phone
Garbage/sewage
Miscellaneous
Pet expenses
Health Club or Exercise classes
Condo fees
Charities

Total Expenses

Income
Social Security
Pension
Income from 401k, IRA’s, etc.
Wages
Profit from business
Interest and Dividends
Other

Total Income

Net: Income-Expenses

Note: If expenses are greater than income – start adjusting. Add more income or reduce expenses, or both. You can do it!