Savings Calculator
It's as easy as 1, 2, 3 to plan for Long-Term Care
1. Enter your information
Answer the questions below (all fields are required), then submit your information using the “Calculate” button.
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2. View your plan results
The cost of care in
chosen state, adjusted for inflation, is:
$
Your projected savings amount:
$
The gap between the cost of care and your savings plan is:
$
3. Change your numbers
If needed, adjust your location and savings plan to minimize the gap.
The cost of care was based on an estimate of long term care spending over remaining life at age 65. The key assumptions are that 69% use some form of LTC (paid & unpaid) with 58% having LTC payments. In 2005 real dollars, for those that use services, the average was $150,000. Women ($166,878) use more than men ($108,180). On average those who use LTC, the average length of use is 4.35 years with 2.3 years being paid.
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