As asking rents rise, researchers predict higher overall inflation in the future. When calculating how much money you need to retire comfortably, it's important to factor in the effect of rising living costs. The cost of goods and services is expected to continue increasing over the coming years, impacting the purchasing power of your savings.
This interactive calculator allows users to create a personal inflation time-series. Users can input dollar amounts for common expenses to see how inflation will affect their budget over time. Worrying about your household budget is a common concern, especially for retirees who may not have the ability to replenish their savings as easily as they could during their working years.
We report average expected inflation rates over the next one through 30 years. Our estimates are calculated using Federal data and economic trends to provide an accurate projection of future inflation. Understanding how inflation impacts your finances is crucial for planning for the future and ensuring your retirement savings will be enough to support your lifestyle.