Increasing Contributions

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CMR1

Increasing Contributions

Post by CMR1 »

This is a wonderful tool you have built. Is there an easy way to add a growth rate to contributions? I have clients who contribute 10% of a salary that traditionally increases faster than inflation due to promotions and raises. I see that I can manually put increases in every 5 years with additional inputs, but was wondering if I could dictate a % of salary figure.

Also, is there a way to goal seek to find how much they should be saving to fund a certain monthly retirement amount?

jimr
Posts: 596
Joined: Thu Feb 28, 2008 6:48 pm

Re: Increasing Contributions

Post by jimr »

Hello,

Thanks for posting.

Unfortunately, aside from manually adjusting the value every few years using the additional inputs, there's no automatic way to do have contributions set as a percent of income.

Also, the goal-seek doesn't have an option to optimize around annual contribution. It would be a cool feature though, and perhaps I'll get to it one day.

Jim

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