Everyone should have a financial plan from where you are until you are 100 years old.
The financial plan is a simple one.
Determine the money coming in every month.
Determine your investment rate of return.
Calculate the money from investments (Your balance times your rate of return)
Determine the money going out every month
Calculate the balance. (Last month’s balance plus money in plus investments minus money out)
This financial plan can be created in google sheets or Microsoft excel.
Once created you can change the money coming in or the money coming out or the investment rate of return to see how that changes your balance in the future.