By June 15, 2017 Read More →

Retirement Expenses

Try the calculator below >

It may surprise you how much inflation can erode purchasing power. Use this calculator to see how inflation will affect your living costs at retirement and at the end of retirement.

For example, lets say your monthly grocery bill is currently $750. If you plan on retiring in 20 years and inflation averages 2% over that time period, your monthly bill will grow to approximately $1,100. If your retirement last 20 years and inflation averages 2%, your monthly grocery bill will be approximately $1,600 at the end of retirement.

To manage that impact, you’ll want to create a retirement budget and take a look at your retirement income. After accounting for the effects of inflation over time, will you still have enough money to enjoy a comfortable retirement?

See Also: Cash Flow Budget Calculator

Retirement Expense Likely to Go Up

  • Health care
  • Food
  • Leisure and recreation
  • Travel and entertainment
  • Auto insurance

Retirement Expense Likely to Go Down

  • Housing
  • Taxes
  • Clothing
  • Education
  • Life Insurance

Use this calculator to see how inflation will affect your living costs at retirement and at the end of retirement.


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