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 for your estimated number of years in retirement using average inflation rates for individual categories.
Read more about health expenses in retirement:
Covering Health Care Costs Before Medicare Eligibility
Medicare, Medicare Advantage and Medigap Plans
Controlling Rising Health Care Costs
Calculator links to sites outside CTAinvest.org are provided for information and convenience only.