Your Budget is the Foundation of Your Retirement Plan
Use this calculator to get it right from the start.
To get started, enter your monthly expenses in two categories:
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Must Spend – your essential, non-negotiable expenses
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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.”
Home Related
Total Home Related Expenses
Home Improvement
Home Maintenance
Furniture
Condo/Co Op Fees
Lawn and Garden
Houseclearing & Other Services
Alarm/Security
Household Supplies
Property Taxes
Other
Utilities and Communication Services
Total Util Expenses
Home Phone
Cell Phone
Internet
Electricity
Gas
Water
Garbage
Sewer
Security
Cable
Other
Auto and Other Daily Transportation
Total Transport Expenses
Parking
Service & Parts
Gas & Fuel
Taxis or Public Transportation
Vehicle Registration
Roadside Assistance
Tolls
Other
Food and Dining
Total Food Expenses
Groceries
Restaurants
Coffess Shops
Fast Food
Alchol 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
Clubs (Country, Yacht, Other)
Museum
Lecture Series
Events(Theater,Concerts,Sports)
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 should consist of mandatory expenses. Like to Spend is a secondary budget that includes your mandatory and desired spending. Typically, your Like-to-Spend budget should be at least as much as your Must Spend.
