Future Cost of Living Projection Tool
Step 1: Your Current Expenses & Projection Parameters
Projection Setup
Used if no category-specific rate is provided.
Current Annual Spending by Category
List your major annual spending categories and their current total annual cost. You can optionally set a specific inflation rate for each category if you expect it to differ from the overall rate.
Total Current Annual Expenses: $0.00
Step 2: Projected Future Costs
Complete Step 1 and click "Calculate Future Costs" to see your projection.
Optional: Future Lifestyle Adjustment
Adjusts the total projected future expenses based on lifestyle changes (e.g., more travel, downsizing).
Step 3: Projection Summary & Download Report
Complete the projection on previous tabs to view the summary.
Important Considerations:
- These projections are mathematical estimates based on the inflation rates you provided. Actual future costs can and likely will vary due to numerous economic, market, and personal factors.
- Inflation rates for specific goods and services (e.g., healthcare, education, housing) can differ significantly from the general consumer price index or your overall average estimate. Using category-specific rates improves accuracy.
- This tool is for planning and informational purposes. It's recommended to review and update your financial plans and projections regularly.
- For comprehensive financial planning, especially for long-term goals like retirement, consider consulting with a qualified financial advisor.