Inflation Impact on Retirement | Practical Money Skills

 

Inflation's Impact On Retirement

When planning for life after retirement, don’t forget about how inflation rates will affect your savings.


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Current age

Age at which you plan to retire

Age you expect to live to

What do you anticipate your monthly monetary needs will be when you retire, based on today's costs?

Consider that you may no longer have a mortgage or that health care costs may increase, etc.

$

Anticipated Inflation Rate

Enter the inflation rate to be used for these calculations. Typically, the historical average is 2-3% per year

%


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