RETIREMENT PLAN CMIS 2215.xlsx - Monthly Salary Monthly w...

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DETAILED INCOME Monthly Salary $ 5,150.00 $ 978.50 19% tax monthly Monthly w/ tax $ 4,171.50 Yearly Salary w/ Tax $ 50,058.00 Bonus (yearly) $ 3,095.00 COLA (yearly) $ 1,854.00 Investment income (yearly) $ 3,500.00 Savings $ 58,507.00 Savings $ 50,000 Credit Card for Emergency $ 25,000 SUMMARY FOR INCOME TODAY 2020 MONTHLY YEARLY Monthly Earning 4171.5 Yearly Income $ 58,507.00 Monthly Expenses 4160 Monthly Expenses 53,184 Savings 11.5 Savings $ 5,323.00 Housing Mtg Details Year Bought 275000 2002 18 years Paid Deposit 55,000 21600 Balance 88,000 2020 88800 2027 Solution $700 84000 savings in 10 years Sell 1 Car to save Fuel & Insurance 12000 savings in 10 years Start saving 1200 from 2027 to 2030 1200 43200 savings in 3 years Target the 10% bonus 6000 21000 74 months payments . 6 years and 16 months leased years,
Saving for 7 years Savings from performance Starting 2021 Year 2027 21,000 Rent Yearly 18000 Fuel Savings Total 39,000 Total 80,661 Starting 2028 Year 2030 Rent Yearly 2020-2027 6523 Fuel Savings 2027-2030 20923 Total 77,769 Total Savings by 2030 Basement Rent Income $ 84,000.00 Salary Savings $ 158,430.00 Sales from 1 unit of Car $ 18,000.00 Perfermonace for 10 yrs $ 39,000.00 No travel for 10 years savings $ 48,000.00 $ 347,430.00 $ 1,206.35 Additional Suggestion for 2020-2030 Invest in Stock Market

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