Passive Income/Retirement Calculator

Discussion in 'Loans & Mortgage Brokers' started by Christian, 16th Nov, 2016.

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  1. Christian

    Christian Active Member

    Joined:
    11th May, 2016
    Posts:
    36
    Location:
    Sydney
    Has anyone created or got access to a good passive income calculator which can project your passive income in retirement based on property investing??
    I have created my own here, but not sure how good it is.
    It has the variables of asset value, growth rates, years or time to retirement, etc.
    Anyone got a better one. Would love to hear your thoughts!
    Cheers Christian
     

    Attached Files:

  2. Ross Forrester

    Ross Forrester Well-Known Member

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    30th Oct, 2016
    Posts:
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    Location:
    Perth, Western Australia
    The ASIC Moneysmart one is good.
     
  3. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    There are programs that will do this better, e.g. PIA does it.

    It is a really simplic spreadsheet you have but is missing a lot of items that would impact the outcome.

    Depreciation, Rates, PM fees, maintenance, insurance, letting fees etc.

    Like I said works okay but is really missing a lot of key information that would impact the forecasted outcome dramatically.
     
    kierank likes this.