Free Long-Term Care Cost Calculator
Project the future cost of long-term care and determine how much savings or insurance you need to cover it.
USD
Average nursing home ~$95k, assisted living ~$55k, home care ~$60k
years
years
%
Projected Annual Cost
$131,467
Total Projected LTC Cost$394,402
Monthly Savings Needed$1,643
Projected Annual Cost vs Years Until Care Needed
Long-Term Care Planning
Current Average Costs (Annual)
Formula
Future Cost = Current Cost x (1 + Inflation Rate)^Years
Healthcare inflation runs 3-5% per year, outpacing general inflation.
Coverage Options
Example Calculation
$60,000 current annual cost, care needed in 20 years, 3-year duration, 4% inflation.
- 01Future annual cost = $60,000 x (1.04)^20 = $131,512
- 02Total cost = $131,512 x 3 years = $394,537
- 03Monthly savings needed = $394,537 / (20 x 12) = $1,644
Frequently Asked Questions
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