A Solid Retirement Plan Starts with a Solid Budget
Use this calculator to design a retirement budget with confidence.
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To get started, enter your:
→ Date of Birth – used to calculate your current age
→ Date of Retirement – used to calculate expense start and end dates
Then, enter your monthly expenses in two categories:
→ Must Spend – your essential, non-negotiable expenses
→ Like to Spend – your ideal budget, including both essentials and lifestyle upgrades
Example:
If you must spend $400/month on groceries but would like to spend $600, enter $400 in “Must Spend” and $600 in “Like to Spend.”Â
Home Related
Total Home Related Expenses
- Home Improvement
- Home Maintenance
- Furniture
- Condo/Co Op Fees
- Lawn and Garden
- Housecleaning & Other Services
- Household Supplies
- Property Taxes
- Other
Utilities and Communication Services
Total Utility Expenses
- Home Phone
- Cell Phone
- Internet
- Electricity
- Gas
- Water
- Garbage
- Sewer
- Security/Alarm
- Cable
- Other
Auto and Other Daily Transportation
Total Transportation Expenses
- Parking
- Service & Parts
- Gas & Fuel
- Taxis or Public Transportation
- Vehicle Registration
- Roadside Assistance
- Tolls
- Other
Food and Dining
Total Food Expenses
- Groceries
- Restaurants
- Coffee Shops
- Fast Food
- Alcohol and Bars
- Other
Personal Care
Total Personal Care Expenses
- Hair
- Laundry
- Spa & Massage
- Other Grooming
- Toiletries
- Gym Memberships
- Vitamins & Supplements
- Shoes and Clothing
- Other
Travel and Entertainment
Total Travel & Ent Expenses
- Vacations and Trips
- ClubsÂ
- Museum
- Lectures
- Events
- Movies
- Cable
- Magazines and Newspapers
- Netflix or Other Streaming Services
- Other Online Subscription Services
- Music & Games
- Classes or Other Personal Education
- Other
Hobbies and Interests
Total Hobbies & Interests Expenses
- Books
- Electronics
- Hobby Supplies
- Sporting Goods
- Kitchen
- Tools
- Collectibles/Art
- Music
- Other
Family
Total Family Expenses
- Eldercare for Aging Parents
- Other Costs Associated with Caring for Aging Parents
- Preschool
- Elementary, Middle School and High School Tuition
- College Tuition
- Children's Enrichment Activities
- Other Costs Associated with Dependent Children
- Alimony
- Child Support
- Other
Pets
Total Pet Expenses
- Pet Food & Supplies
- Pet Grooming
- Veterinary
- Other
All Insurance
Total Ins Expenses
- Recreational Vehicle Insurance
- Life Insurance
- Auto Insurance
- Home Owners or Renters Insurance
- Liability
- Pet
- Fire or Flood
- Identity Theft Protection
- Dependent's Health Insurance
- Long Term Care Insurance
- Other
Gifts and Charitable Donations
Total Gifts & Donations
- Charity
- Gifts to Immediate Family
- Gifts to Extended Family
- Gifts to Friends
- Holiday Tips
- Other
Business / Job Related
Total Biz Expenses
- Advertising
- Legal
- Office Supplies
- Printing
- Shipping
- Professional Memberships
- Work Wardrobe
- Commute
- Other
Personal Financial Services
Total Personal Finance Expenses
- ATM Fees
- Bank Fees
- Finance Charges
- Late Fees
- Financial Advisor Services
- Personal Finance Software
- Lawyer
- Accountant/Tax Prep
- Trading Fees
- Investment Fees
- Other
| Please enter your birthday and date of retirement |
|---|
Inflation rate assumption(% per year)
| Age | Must Spend(Today's $) | Like to Spend(Today's $) | Must Spend(Future $) | Like to Spend(Future $) |
|---|
Add new expense
Must Spend mandatory costs.
Like to Spend includes lifestyle extras. Typically Like to Spend should be equal or higher.
