Beta version#
BETA TEST VERSION OF THIS ITEM
This online calculator is currently under heavy development. It may or it may NOT work correctly.
You CAN try to use it. You CAN even get the proper results.
However, please VERIFY all results on your own, as the level of completion of this item is NOT CONFIRMED.
Feel free to send any ideas and comments !
This online calculator is currently under heavy development. It may or it may NOT work correctly.
You CAN try to use it. You CAN even get the proper results.
However, please VERIFY all results on your own, as the level of completion of this item is NOT CONFIRMED.
Feel free to send any ideas and comments !
Input data - your goal, possibilites and what you already have#
| Age and saved capital | ||
| Your age now | ||
| How much you already saved | ||
| Amount of money, which you want to save | ||
| Currency | ||
| Incomes | ||
| Your monthly earnings now | ||
| Your extra income per month (rent a flat, ads on the websites etc.) | ||
| Estimated yearly return rate | ||
| Expenses | ||
| How much money do you need per month to live | ||
| Annual inflation (expected) | ||
| Insurance and state pension | ||
| Monthly insurance contribution | ||
| State pension age | ||
| Estimated state pension | ||
Summary - when you become a rentier#
| Years to freedom | 20 | |
| Your age when leaving job | 50 | |
| Money saved when leaving job | 1008895.95 | |
| Your capital will be exhausted when you are | 94 |
I. Saving phase (job)#
| Age | Saved capital | Incomes | Expenses | Annual balance | Capital at the end of year | |||
| Interests | Job | Extra income | Life cost | Insurance | ||||
| 30 | 100000.00 | 4000.00 | 60000.00 | 12000.00 | 24000.00 | 14070.72 | 37929.28 | 137929.28 |
| 31 | 137929.28 | 5517.17 | 60000.00 | 12000.00 | 24600.00 | 14422.49 | 38494.68 | 176423.96 |
| 32 | 176423.96 | 7056.96 | 60000.00 | 12000.00 | 25215.00 | 14783.05 | 39058.91 | 215482.87 |
| 33 | 215482.87 | 8619.31 | 60000.00 | 12000.00 | 25845.37 | 15152.63 | 39621.31 | 255104.18 |
| 34 | 255104.18 | 10204.17 | 60000.00 | 12000.00 | 26491.51 | 15531.44 | 40181.22 | 295285.40 |
| 35 | 295285.40 | 11811.42 | 60000.00 | 12000.00 | 27153.80 | 15919.73 | 40737.89 | 336023.29 |
| 36 | 336023.29 | 13440.93 | 60000.00 | 12000.00 | 27832.64 | 16317.72 | 41290.57 | 377313.86 |
| 37 | 377313.86 | 15092.55 | 60000.00 | 12000.00 | 28528.46 | 16725.66 | 41838.43 | 419152.29 |
| 38 | 419152.29 | 16766.09 | 60000.00 | 12000.00 | 29241.67 | 17143.81 | 42380.62 | 461532.91 |
| 39 | 461532.91 | 18461.32 | 60000.00 | 12000.00 | 29972.71 | 17572.40 | 42916.20 | 504449.11 |
| 40 | 504449.11 | 20177.96 | 60000.00 | 12000.00 | 30722.03 | 18011.71 | 43444.22 | 547893.34 |
| 41 | 547893.34 | 21915.73 | 60000.00 | 12000.00 | 31490.08 | 18462.00 | 43963.65 | 591856.99 |
| 42 | 591856.99 | 23674.28 | 60000.00 | 12000.00 | 32277.33 | 18923.55 | 44473.39 | 636330.38 |
| 43 | 636330.38 | 25453.22 | 60000.00 | 12000.00 | 33084.27 | 19396.64 | 44972.31 | 681302.69 |
| 44 | 681302.69 | 27252.11 | 60000.00 | 12000.00 | 33911.37 | 19881.56 | 45459.18 | 726761.86 |
| 45 | 726761.86 | 29070.47 | 60000.00 | 12000.00 | 34759.16 | 20378.60 | 45932.72 | 772694.58 |
| 46 | 772694.58 | 30907.78 | 60000.00 | 12000.00 | 35628.13 | 20888.06 | 46391.59 | 819086.17 |
| 47 | 819086.17 | 32763.45 | 60000.00 | 12000.00 | 36518.84 | 21410.26 | 46834.34 | 865920.51 |
| 48 | 865920.51 | 34636.82 | 60000.00 | 12000.00 | 37431.81 | 21945.52 | 47259.49 | 913180.00 |
| 49 | 913180.00 | 36527.20 | 60000.00 | 12000.00 | 38367.60 | 22494.16 | 47665.44 | 960845.44 |
| 50 | 960845.44 | 38433.82 | 60000.00 | 12000.00 | 39326.79 | 23056.51 | 48050.51 | 1008895.95 |
II. Consuming phase (job left, begin to live using saved money)#
| Age | Saved capital | Incomes | Expenses | Annual balance | Capital at the end of year | ||
| Interests | Extra income | Life cost | Insurance | ||||
| 51 | 1008895.95 | 40355.84 | 12000.00 | 40309.96 | 23632.93 | -11587.05 | 997308.90 |
| 52 | 997308.90 | 39892.36 | 12000.00 | 41317.71 | 24223.75 | -13649.11 | 983659.79 |
| 53 | 983659.79 | 39346.39 | 12000.00 | 42350.66 | 24829.34 | -15833.61 | 967826.18 |
| 54 | 967826.18 | 38713.05 | 12000.00 | 43409.42 | 25450.08 | -18146.45 | 949679.73 |
| 55 | 949679.73 | 37987.19 | 12000.00 | 44494.66 | 26086.33 | -20593.80 | 929085.93 |
| 56 | 929085.93 | 37163.44 | 12000.00 | 45607.02 | 26738.49 | -23182.07 | 905903.86 |
| 57 | 905903.86 | 36236.15 | 12000.00 | 46747.20 | 27406.95 | -25917.99 | 879985.87 |
| 58 | 879985.87 | 35199.43 | 12000.00 | 47915.88 | 28092.12 | -28808.57 | 851177.30 |
| 59 | 851177.30 | 34047.09 | 12000.00 | 49113.78 | 28794.43 | -31861.11 | 819316.19 |
| 60 | 819316.19 | 32772.65 | 12000.00 | 50341.62 | 29514.29 | -35083.26 | 784232.93 |
| 61 | 784232.93 | 31369.32 | 12000.00 | 51600.16 | 30252.14 | -38482.99 | 745749.94 |
| 62 | 745749.94 | 29830.00 | 12000.00 | 52890.17 | 31008.45 | -42068.62 | 703681.32 |
| 63 | 703681.32 | 28147.25 | 12000.00 | 54212.42 | 31783.66 | -45848.83 | 657832.49 |
| 64 | 657832.49 | 26313.30 | 12000.00 | 55567.73 | 32578.25 | -49832.68 | 607999.81 |
III. Resting phase (state pension age reached)#
| Age | Saved capital | Incomes | Expenses | Annual balance | Capital at the end of year | ||
| Interests | Extra income | State pension | Life cost | ||||
| 65 | 607999.81 | 24319.99 | 12000.00 | 34174.15 | 56956.92 | -10782.77 | 597217.04 |
| 66 | 597217.04 | 23888.68 | 12000.00 | 35028.51 | 58380.85 | -11352.34 | 585864.71 |
| 67 | 585864.71 | 23434.59 | 12000.00 | 35904.22 | 59840.37 | -11936.15 | 573928.56 |
| 68 | 573928.56 | 22957.14 | 12000.00 | 36801.83 | 61336.38 | -12534.55 | 561394.01 |
| 69 | 561394.01 | 22455.76 | 12000.00 | 37721.87 | 62869.79 | -13147.91 | 548246.09 |
| 70 | 548246.09 | 21929.84 | 12000.00 | 38664.92 | 64441.53 | -13776.61 | 534469.48 |
| 71 | 534469.48 | 21378.78 | 12000.00 | 39631.54 | 66052.57 | -14421.03 | 520048.45 |
| 72 | 520048.45 | 20801.94 | 12000.00 | 40622.33 | 67703.88 | -15081.55 | 504966.90 |
| 73 | 504966.90 | 20198.68 | 12000.00 | 41637.89 | 69396.48 | -15758.59 | 489208.30 |
| 74 | 489208.30 | 19568.33 | 12000.00 | 42678.84 | 71131.39 | -16452.56 | 472755.75 |
| 75 | 472755.75 | 18910.23 | 12000.00 | 43745.81 | 72909.68 | -17163.87 | 455591.87 |
| 76 | 455591.87 | 18223.67 | 12000.00 | 44839.45 | 74732.42 | -17892.97 | 437698.91 |
| 77 | 437698.91 | 17507.96 | 12000.00 | 45960.44 | 76600.73 | -18640.29 | 419058.61 |
| 78 | 419058.61 | 16762.34 | 12000.00 | 47109.45 | 78515.75 | -19406.30 | 399652.31 |
| 79 | 399652.31 | 15986.09 | 12000.00 | 48287.19 | 80478.64 | -20191.46 | 379460.86 |
| 80 | 379460.86 | 15178.43 | 12000.00 | 49494.37 | 82490.61 | -20996.24 | 358464.61 |
| 81 | 358464.61 | 14338.58 | 12000.00 | 50731.72 | 84552.87 | -21821.15 | 336643.46 |
| 82 | 336643.46 | 13465.74 | 12000.00 | 52000.02 | 86666.70 | -22666.68 | 313976.79 |
| 83 | 313976.79 | 12559.07 | 12000.00 | 53300.02 | 88833.36 | -23533.35 | 290443.44 |
| 84 | 290443.44 | 11617.74 | 12000.00 | 54632.52 | 91054.20 | -24421.68 | 266021.76 |
| 85 | 266021.76 | 10640.87 | 12000.00 | 55998.33 | 93330.55 | -25332.22 | 240689.54 |
| 86 | 240689.54 | 9627.58 | 12000.00 | 57398.29 | 95663.82 | -26265.53 | 214424.01 |
| 87 | 214424.01 | 8576.96 | 12000.00 | 58833.25 | 98055.41 | -27222.16 | 187201.85 |
| 88 | 187201.85 | 7488.07 | 12000.00 | 60304.08 | 100506.80 | -28202.72 | 158999.13 |
| 89 | 158999.13 | 6359.97 | 12000.00 | 61811.68 | 103019.47 | -29207.79 | 129791.34 |
| 90 | 129791.34 | 5191.65 | 12000.00 | 63356.97 | 105594.95 | -30237.98 | 99553.36 |
| 91 | 99553.36 | 3982.13 | 12000.00 | 64940.90 | 108234.83 | -31293.93 | 68259.43 |
| 92 | 68259.43 | 2730.38 | 12000.00 | 66564.42 | 110940.70 | -32376.28 | 35883.15 |
| 93 | 35883.15 | 1435.33 | 12000.00 | 68228.53 | 113714.22 | -33485.69 | 2397.46 |
| 94 | 2397.46 | 95.90 | 12000.00 | 69934.24 | 116557.07 | -34622.83 | -32225.37 |
Some facts#
- Rentier is a person who lives with income from capital, property, interest (shares, bonds, etc.) or bank contributions.
- The most important fact is that rentier doesn't need to perform classical work, because he/she can live based only on what he/she collected in the past.
- This calculator can perform simulation of both saving capital and living as a rentier later. Simulation is divided into three parts:
- I. Saving phase - in this phase, you still go to work and collect capital needed for future. The structure of incomes and expenses are as below:
- incomes:
- interests from saved capital (bank deposits, bonds, stocks etc.),
- job,
- extra income (rent a flat, private websites etc.),
- interests from saved capital (bank deposits, bonds, stocks etc.),
- expenses:
- living,
- insurance contributions.
- living,
- incomes:
- II. Consumption phase - this period starts when desired capital is reached. Then you leave a job and begin to live as a rentier. The structure of incomes and expenses are as below:
- incomes:
- interests from saved capital (bank deposits, bonds, stocks etc.),
- extra income (rent a flat, private websites etc.),
- interests from saved capital (bank deposits, bonds, stocks etc.),
- expenses:
- living,
- insurance contributions.
- living,
- incomes:
- III. Resting phase - this period begins when you reach state pension age and you begin to receive a state pension (and you don't pay insurance contributions anymore). The structure of incomes and expenses are as below:
- incomes:
- interests from saved capital (bank deposits, bonds, stocks etc.),
- extra income (rent a flat, private websites etc.),
- state pension
- interests from saved capital (bank deposits, bonds, stocks etc.),
- expenses:
- living,
- living,
- incomes:
- I. Saving phase - in this phase, you still go to work and collect capital needed for future. The structure of incomes and expenses are as below:
What is the meaning of each calculator field ?#
- Input data - your goal, possibilites and what you already have
- Your age now - simply how old are you right now. This is a moment, when our simulation starts,
- How much you already saved - amount of money, which you already collected for futher life as rentier, this is a initial capital for our simulation,
- Amount of money, which you want to save - amount of money, which you want to collect before you will leave a job,
- Your monthly earnings now - simply your monthly salary.
- Your extra income per month - all extra incomes other than your job like renting a flat, website with ads etc.,
- Estimated yearly return rate - this is an average, annual return rate of your investments using saved capital,
- How much money do you need per month to live - amount of money you want to pay out as rentier,
- Annual inflation (expected) - estimated inflation, this rate is used to increase costs during each year of simulation,
- Monthly insurance contribution - you want receive state pension from goverment in the last phase, so you need to pay related contributions too,
- State pension age - when you can retire and start to get state pension by the rules in your country
- Estimated state pension - estimated monthly state pension, which you can get from government, this value is increased by inflation each year (using inflation) during simulation.
- Your age now - simply how old are you right now. This is a moment, when our simulation starts,
- Summary - when you become a rentier
- Years to freedom - years left to the point in time when you may leave a job,
- Your age when leaving job - how old will you be when you may leave a job,
- Money saved when leaving job - exact amount of capital, which you have when you begin living as rentier,
- Your capital will be exhausted when you are - how long can you live without a job.
- Years to freedom - years left to the point in time when you may leave a job,
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