Long Term Care Calculator

Evaluates long-term care funding needs for individuals unable to perform routine daily tasks.

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Your Details

45 years
80 years
3 years

Cost Assumptions

$
%
%

Long-Term Care Funding Needs

$711.96
Future Daily Cost
$799,250.27
Total Care Cost Needed
Future Annual Care Cost$259,866
Present Value Needed$98,387
Monthly Contribution to Self-Fund$561

Based on current costs of $300/day and 2.5% healthcare inflation, you would need $799,250.27 for 3 years of care starting at age 80. To self-fund, save $560.99/month.

How it works›

Model and assumptions. Projects care expenses from the entered daily or monthly cost, inflation and duration, then discounts or funds the target using the assumed return. Timing and duration of care are assumptions. Public benefits, policy eligibility and actual local care quotes require separate review.NAIC: long-term care guideOpenStax: annuity formulas