Retirement Budget Worksheet - Complete and Estimate Your Retirement Income Needs

Sep 13, 2026

Retirement Budget Worksheet helps retirees plan comfortable spending by organizing current monthly expenses into key categories, then estimating expected costs in retirement. Clear step-by-step instructions guide users to use bank statements, credit card bills, and financial records to fill the worksheet, forecast retirement spending based on pre-retirement patterns, and account for areas that often change such as food, transportation, clothing, and medical needs. It also prompts planning for major purchases, one-time expenses, and next steps toward a consultation.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Housing

Transportation

Family Care

Daily Living

Health & Medical

Financial

Planned Purchases

One-Time Expenses

Retirement Budget Worksheet Name: Date: Many retirees want to know how much income they will need to live comfortably in retirement. We designed this worksheet to give you a starting point for the retirement income planning process. Use the instructions on the next page to complete the worksheet. Bring it in for a complimentary consultation where we can go over it together and review your existing retirement strategies. If you have any questions or need assistance filling out this budget worksheet, please give our office a call at 225‐292‐0687 or toll free 866‐748‐0687 to schedule a complimentary consultation. |
HOUSING | $ | Current | Monthly

After Retirement

$ |
TRANSPORTATION | $ | Current | Monthly

After Retirement

$ | | --- | --- | --- | --- | --- | --- | --- | --- | | Mortgage/Rent | | | | Auto Payments | | | | | Electricity | $ | |
$ | Fuel | $ | |
$ | | Gas/Oil | $ | |
$ | Public Transit/Taxi Fares | $ | |
$ | | Water/Sewer/Trash | $ | |
$ | Repairs & Maintenance | $ | |
$ | | Phone | $ | |
$ | License & Registration | $ | |
$ | | Cable & Internet | $ | |
$ | Auto Insurance | $ | |
$ | | Appliances & Furniture | $ | |
$ | [ ] | $ | |
$ | | Maintenance & Improvements | $ | |
$ | | | | | | Lawn & Garden Care | $ | |
$ | Total Transportation | $ | | $ | | Household Supplies | $ | |
$ | FAMILY CARE | $ | |
$ | | Property Tax & Insurance | $ | |
$ | Tuition & Education | | | | | [ ] | $ | |
$ | Childcare | $ | |
$ | | | | | | Eldercare | $ | |
$ | | Total Housing | $ | | $ | Pets | $ | |
$ | | DAILY LIVING | $ | |
$ | [ ] | $ | |
$ | | Groceries | | | | | | | | | Beverages/Alcohol | $ | |
$ | Total Family Care | $ | | $ | | Personal Products | $ | |
$ | DISCRETIONARY | $ | |
$ | | Clothing | $ | |
$ | Media | | | | | Dry Cleaning | $ | |
$ | Entertainment | $ | |
$ | | Salon & Barber Visits | $ | |
$ | Dining Out | $ | |
$ | | [ ] | $ | |
$ | Gifts | $ | |
$ | | | | | | Hobbies | $ | |
$ | | Total Daily Living | $ | | $ | Gadgets | $ | |
$ | | HEALTH & MEDICAL | $ | |
$ | Dues & Subscriptions | $ | |
$ | | Medical & Dental Visits | | | | Hobbies | $ | |
$ | | Medication & Supplements | $ | |
$ | Charitable Donations & Philanthropy | $ | |
$ | | Health Insurance | $ | |
$ | Travel & Vacation | $ | |
$ | | Life Insurance | $ | |
$ | [ ] | $ | |
$ | | Long‐Term Care Insurance | $ | |
$ | | | | | | Health Club | $ | |
$ | Total Discretionary | $ | | $ | | [ ] | $ | |
$ | MISCELLANEOUS | $ | |
$ | | | | | | Vacation Property | | | | | Total Health & Medical | $ | | $ | Recreational Vehicles | $ | |
$ | | FINANCIAL | | | | [ ] | $ | |
$ | | Income Taxes (est. annual ÷ 12) | $ | |
$ | [ ] | $ | |
$ | | Retirement Savings | $ | |
$ | [ ] | $ | |
$ | | Emergency Savings | $ | |
$ | [ ] | $ | |
$ | | Credit Card Payments | $ | |
$ | [ ] | $ | |
$ | | Other Debt Payments (not [incl. mortgage](incl. mortgage)) | $ | |
$ | [ ] | $ | |
$ | | [ ] | $ | |
$ | [ ] | $ | |
$ | | Total Financial $ $ | Total Miscellaneous $ | $ | | --- | --- | --- | | | Total Est. Monthly Budget $ | $ | (continued) | PLANNED PURCHASES | | ONE‐TIME EXPENSES | | | --- | --- | --- | --- | | New Car | $ | Wedding | $ | | Furnace | $ | Milestone Vacation | $ | | Roof | $ | Philanthropic Gift | $ | | Appliances | $ | Second Home | $ | | Home Remodel | $ | RV | $ | | [ ] | $ | [ ] | $ | | [ ] | $ | [ ] | $ | | | Total Planned Purchases $ | Total One‐Time Expenses | $ | Instructions: Step 1: Starting with your current bills and spending habits, fill in each category of the budget worksheet. Wherever possible, use your bank statements, credit card bills, an

FAQs

What is the purpose of the Retirement Budget Worksheet?

It provides a starting point for retirement income planning by organizing expenses and helping you estimate what you may need to live comfortably in retirement.

How should I fill out the worksheet for current spending?

Use your current bills and spending habits, drawing from bank statements, credit card bills, and financial account statements to record spending in each category.

How do I estimate expenses after retirement?

Use your current spending as a guide, considering that many retirees spend near pre-retirement levels in most areas while food, transportation, clothing, and job-related expenses often differ; plan for potentially higher medical expenses.

Sep 13, 2026

Uploaded by Quinn Holloway