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Projected Retirement Expense

One of the most important steps in retirement planning is to estimate your retirement expenses. How much you spend on housing, health care and other living expenses will largely dictate your income needs. You'll also want to estimate your expenses throughout retirement - which today can be 30 years or longer. This calculator helps you estimate your expenses for the first year of retirement, then projects them out 30 years using average inflation rates for individual categories.




What is your current age?


  1. 14
  2. 35
  3. 56
  4. 78
  5. 99

Value:  

At what age do you plan to retire?


  1. 55
  2. 60
  3. 65
  4. 70
  5. 75

Value:  

Will you be entering monthly or annual expenses?


Housing
 Worksheet

$

Use this to calculate the total expenses for this item.


Mortgage Payments $
Rents $
Real estate taxes $
Homeowner's insurance $
Telephone/Utilities $
Housekeeping/Maintenance $
Furnishings $
Appliances $
Other $

  

Food
 Worksheet

$

Use this to calculate the total expenses for this item.


Groceries $
Alcoholic beverages $
Other $

  

Transportation
 Worksheet

$

Use this to calculate the total expenses for this item.


Car payments (loans or lease) $
Gas/Oil $
Vehicle maintenance $
Insurance $
Public transportation $
Parking/tolls $
Other $

  

Health Care
 Worksheet

$

Use this to calculate the total expenses for this item.


Health insurance $
Prescriptions and other medications $
Medical supplies $
Doctor's visits $
Tests $
Other health care $

  

Clothing/Personal Items
 Worksheet

$

Use this to calculate the total expenses for this item.


Clothing $
Shoes $
Personal Care Products $
Personal Services $
Other $

  

Entertainment
 Worksheet

$

Use this to calculate the total expenses for this item.


Dining out $
Leisure Travel $
Club dues/memberships $
Movies and movie rentals $
Other $

  

Other
 Worksheet

$

Use this to calculate the total expenses for this item.


Education $
Books/CDs $
Hobbies/Crafts $
Gifts $
Charitable Contributions $
Life and Other Personal Insurance $
Other $