What Are My Long-Term Care Needs

There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance. Use this calculator to determine your potential long-term care needs and how long your current assets might last.
     
  Age, Savings and Assumptions

Input
  Your current age
  Age to begin long-term care
  Annual cost of long-term care
Annual long-term care inflation: (%)
  Number of years to provide funds
  Value of funds already set aside
  Recommended Savings Assumptions

Before-tax return: (%)
Marginal tax bracket: (%)
Annual increases: (%)
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.