Using the budget in part 1; Use as many time lines as you need forecast all your projected savings (investments) to get each investments future value. You will have to determine your PV, I/y, N, PMT then calc FV

If you dont have any idea on the I/y you could use 5 or 6% to be conservative. N depends on your current age and when you think you will retire.

Savings

401k or (403B) whichever you use

IRAs.

Home Ect.

Once you add up all the future values from step 2 above, and do a time line to determine how much you will be able to spend each year assuming you are going to spend all your money. I.e. your future value will be 0. To calculate N, you have to make a lot of assumptions. For example, if you are planning on retiring at age 65 and think (hope) you will life until you are 90 (25 years) your N will be 25.

Part 2 B: (must be completed in Excel) - Scenario Analysis:

Run at least 3 different scenarios to see the impact of decisions. Some examples may include:

What happens if you delay start of Savings for 5 years?

What happens if you work 3 more years?

What if the interest rate is higher/lower?

What if you have more to save after student loans are paid off?

Budget Actual Phone/Cell 80 70 Car Lease/Insurance 350 400 Grocery Bill 150 130 Gym Membership 15 15 Pet Care/Food 50 35 Student Loan Payments 200 200 Clothing 100 130 30 30 Entertainment/Streaming Services Medical Services/Co-Pays/Medication 50 80 Total Expense 2410 2463 Total savings 3790 3968 Estimates Savings Per Year 45480 47616 Budget Actual Phone/Cell 80 70 Car Lease/Insurance 350 400 Grocery Bill 150 130 Gym Membership 15 15 Pet Care/Food 50 35 Student Loan Payments 200 200 Clothing 100 130 30 30 Entertainment/Streaming Services Medical Services/Co-Pays/Medication 50 80 Total Expense 2410 2463 Total savings 3790 3968 Estimates Savings Per Year 45480 47616