Retirement Budget Calculator

  • INSTRUCTIONS

    Step 1: Starting with your current bills and spending habits, fill in each category of the budget worksheet. Wherever possible, use your bank statements, credit card bills, and financial account statements to accurately record your spending in each area.

    Step 2: Using your current spending as a guide, estimate how much you will spend in each category in retirement. Keep in mind that most retirees spend close to their pre-retirement levels in most areas except food, transportation, clothing, and other job-related expenses. Medical expenses may go up in retirement as you transition away from employer-sponsored health insurance and start planning for long-term medical needs.

    Step 3: Think about major purchases that you may make, such as remodeling your kitchen, buying a new car, or upgrading your household appliances. Also think about what's on your bucket list: big expenses like milestone vacations, charitable gifts, or a new boat or RV will need to be factored into your retirement planning.

  • HOUSING


  • Mortgage / Rent


  • Electricity


  • Gas / Oil


  • Water / Sewer / Gas


  • Phone


  • Cable & Internet


  • Appliances & Furniture


  • Maintenance & Improvements


  • Lawn & Garden Care


  • Household Supplies


  • Property Tax & Insurance


  • Other Housing Expenses


  • TOTAL HOUSING

  • DAILY LIVING


  • Groceries


  • Beverages/Alcohol


  • Personal Products


  • Clothing


  • Dry Cleaning


  • Salon & Barber Visits


  • Other Daily Living Expenses


  • TOTAL DAILY LIVING

  • HEALTH & MEDICAL


  • Medical & Dental Visits


  • Medication & Supplements


  • Health Insurance


  • Life Insurance


  • Long-Term Care Insurance


  • Health Club


  • Other Health & Medical Expenses


  • TOTAL HEALTH & MEDICAL EXPENSES

  • FINANCIAL


  • Income Taxes (est. annual รท 12)


  • Retirement Savings


  • Emergency Savings


  • Credit Card Payments


  • Other Debt Payments (not incl. mortgage)


  • TOTAL FINANCIAL EXPENSES

  • TRANSPORTATION


  • Auto Payments


  • Fuel


  • Public Transit/Taxi Fares


  • Repairs & Maintenance


  • License & Registration


  • Auto Insurance


  • Other Transportation Expenses


  • TOTAL TRANSPORTATION EXPENSES

  • FAMILY CARE


  • Tuition & Education


  • Childcare


  • Eldercare


  • Pets


  • Other Family Care Expenses


  • TOTAL FAMILY CARE

  • DISCRETIONARY


  • Media


  • Entertainment


  • Dining Out


  • Gifts


  • Hobbies


  • Charitable Donations & Philanthropy


  • Travel & Vacation


  • Vacation Property


  • Recreational Vehicles


  • TOTAL DISCRETIONARY

  • TOTAL ESTIMATED MONTHLY BUDGET


  • TOTAL ESTIMATED MONTHLY BUDGET

  • Click submit to receive the information. After submitting, your information will be removed from our system.