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Home > Tools > Lifestyle > Retirement Lifestyle Calculator

Retirement Lifestyle Calculator

Our Retirement Lifestyle Calculator helps you estimate the costs of your desired retirement lifestyle based on location, activities, travel plans, and other preferences. Create a realistic retirement budget that aligns with your vision for this important life stage.

Enter your information below to see how different lifestyle choices impact your retirement expenses and to develop a personalized retirement budget.

Personal Information

years
years

Location & Housing

$/month

Lifestyle Preferences

$/year

Healthcare & Transportation

Additional Expenses

$/month

Adjustments

%
%
Adjust your overall expenses up or down based on your personal lifestyle preferences.

Retirement Lifestyle Summary

Monthly Expenses in Retirement:$0
Annual Expenses in Retirement:$0
Total Retirement Needs:$0

Expense Breakdown

Inflation Impact

YearAgeAnnual Expenses

Retirement Lifestyle Insights

Housing

Consider if paying off your mortgage before retirement would improve your financial situation.

Housing represents NaN% of your retirement budget.

Healthcare

Medicare with a supplement plan provides comprehensive coverage but at a higher cost.

Healthcare costs tend to increase with age and often rise faster than general inflation.

Lifestyle

Your selected lifestyle includes moderate travel, moderate dining out, and moderate hobbies and activities.

Balancing splurges with economical choices can help maintain an enjoyable lifestyle while managing expenses.

Inflation Impact

With an inflation rate of 2.5%, your expenses will approximately double every 29 years.

Your annual expenses at age 85 are projected to be $0, compared to $0 at the start of retirement.

About Retirement Lifestyle Planning

Retirement planning isn't just about saving enough money—it's about envisioning and preparing for the lifestyle you want to enjoy. Understanding the costs associated with your desired retirement lifestyle is crucial for setting appropriate savings goals and making informed decisions about when you can retire comfortably.

Different lifestyle choices can significantly impact your retirement expenses. Housing location, travel frequency, healthcare options, and recreational activities all play important roles in determining your retirement budget. By planning ahead and understanding these costs, you can better prepare for a retirement that aligns with your personal goals and values.

Note: This calculator provides estimates based on current costs and your inputs. Actual expenses may vary based on economic conditions, personal circumstances, and lifestyle changes. We recommend reviewing your retirement budget regularly and consulting with a financial advisor for personalized guidance.

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