Retirement Expenses Calculator

As you calculate how much you’ll need to live comfortably in retirement, getting a clear picture of your expenses is crucial. Our retirement expenses calculator helps you estimate your monthly expenses in retirement adjusted for inflation. Since your expenses in retirement change over time, it helps to think of retirement in stages. Your early retirement years may include spending on travel, education, and recreation. You may also be caring for elderly parents. Your expenses are likely to be highest in this stage of retirement. In your middle-retirement years, you are likely to have paid off your mortgage and other debts. Higher medical expenses may creep up on you, and a budget-conscious lifestyle becomes more important. Finally, in your late-retirement years, you may face larger medical bills, and sticking to a strict budget may become more necessary. Enter your expenses into the tool to see what your monthly living expenses in retirement look like.

Saving for Retirement FAQs

Next Steps

Fifth Third can help you build the retirement life you’ve always wanted. Schedule a Retirement University class, find an advisor, or give us a call at 1-866-488-0017.

Additional Resources

How Much Will Health Care Cost You in Retirement?

Putting a price tag on retiree healthcare may be an inexact science given the many variables involved. That said, there are some standard elements of cost that can be estimated and planned for in advance.

Retirement Income: 3 Things to Consider

Have you considered the factors that influence your retirement income? From your retirement savings account to investments, here are 3 things to consider.

Retirement Planning by the Decades

Whether you plan to retire in a few decades or a few years, you can take steps to make yourself retirement ready. Use this checklist to build a strong retirement plan, no matter your age.