Free Disability Insurance Calculator

Calculate the monthly disability benefit you need to maintain your lifestyle if you cannot work.

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Target Monthly Benefit

$3,600

Monthly Income Gap$4,000
Annual Benefit Needed$43,200

Target Monthly Benefit vs Monthly Gross Income

View formula & how it works →

Why Disability Insurance Matters

Disability insurance replaces a portion of your income if illness or injury prevents you from working. Most policies cover 50-70% of your gross income.

Key Considerations

  • Short-term disability: Covers 3-6 months, often provided by employers
  • Long-term disability: Kicks in after short-term ends, can last until age 65
  • Own-occupation vs any-occupation: Own-occupation pays if you cannot do YOUR specific job

    • Formula

    Monthly Benefit = Monthly Gross Income x Replacement Rate

    Example Calculation

    $6,000 monthly income with 60% replacement target.

    1. 01Target benefit = $6,000 x 60% = $3,600/month
    2. 02Income gap = $4,000 expenses - $0 other income = $4,000
    3. 03Annual benefit needed = $3,600 x 12 = $43,200

    Frequently Asked Questions

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