Category Archives: Microsoft Excel

FIRE Calculator / Compound Interest Calculator – Free Download

Do you know how much you need to invest each month to retire in X number of years? Well today I’m sharing a Financial Independence Retire Early and Compound Interest Calculator I created in Microsoft Excel that assisted me in finding the answer out for myself.

Late last year as I was approaching burn out I decided that in 2021 we would be taking a different approach to achieving our financial independence goals. We decided to calculate how much we actually needed to invest each month to reach financial independence, and contribute just that amount. Anything above that would be put towards living our best lives now (and not waiting for early retirement).

In the process of calculating our monthly figure I decided to create a simple calculator in Microsoft Excel. After creating the calculator and inputting our details it was clear that we could to take the pedal off the gas a little from 2021 onwards, and adjust our investing goals. This had the awesome consequence of me being able to reduce my hours at work, and will enable us to do more renovations to the house to improve our comfort levels.

I’m sure I’m not the only one who could benefit from doing a similar FI/FIRE Calculation so I’ve decided to upload this free to my blog (no sign up required although I would love it if you did).

I’ve included a few screenshots below of what the calculator looks like so you can make the decision to download or not (Please note the data in the spreadsheet and screenshots is example data only – not mine). The link to download the file is at the end of this post.

Screenshot – Tab 1 – FI / FIRE Goal Calculator (Example Data Only – Not Mine)

The spreadsheet contains two worksheet tabs:

  • FI / FIRE Goal Calculator – Where it calculates your FI number and gives you an indicative amount of how much you need to invest to hit your FI/FIRE goal.
  • Compound Interest Calculator – This is just a bonus really so you can have a play around and see what the future value of your investments may be.
Screenshot – Tab 2 – Compound Interest Calculator (Example Data Only – Not Mine)

To download the file simply click on the download link below.

Financial Independence FI / FIRE and Compound Interest CalculatorDownload

To view my other Personal Finance Templates please feel free to visit me at ‘The Frank Basics’ Etsy Store.

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Introducing ‘The Frank Basics’ Etsy Store

Thank you for the support you’ve given me in creating and sharing my first personal finance tracker (Personal Finance Budget Spreadsheet and Automated Dashboard).

Since this time I’ve been busy continuing developing other products following requests I’ve received via social media and Etsy. This is a passion project rather than a desire to make money. I work in data and analytics and as part of my role develop solutions for visualising data in multiple platforms for large organisations. I get a lot of joy out of creating solutions for individuals, and working with people to build something to make a work process more efficient (eg through automation of tasks).

I’ve now formally created my Etsy Store aptly named ‘The Frank Basics’. My store now contains 12 digital products at the time of posting as listed below.

Personal Finance Tools

Business / Other Tools

I will continue to add to these products as I develop them so please check in regularly if you are interested (or if you have an idea you would like to see me bring to life get in touch).

Alternatively I also offer Microsoft Excel development (with advanced VBA/Macros) and customisation services to meet your individualised needs.

I’ve put a lot of work into each of my products and have priced accordingly, but for those that follow me on the blog/Instagram I’ve decided to provide you the following coupon code to save you 10% off all products (as a thank you for following along).

Coupon Code – FRANK10

Feel free to get in touch before hand if you have any questions or additional information you would like before making your commitment to purchase.

If you do end up purchasing it please let me know your thoughts and feedback.

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