Your assumptions
$
Your income need in Year 1
Please enter a positive amount.
%
Annual increase to keep up with inflation (e.g. 3%)
%
Annual return on savings/investments set aside to fund this income
years
How many years of income to plan for
Final year income
—
after COLA adjustments
Results
Total income needed
—
over 20 years
Year 1 income
—
Your baseline income requirement
Final year income
—
After COLA increases
Total increase over period
—
Cumulative inflation impact
Average annual income
—
Mean across all years
Investment needed today
—
Present value assuming interest earned
Key metrics
Total income needed
—
Year 1 income
—
Final year income
—
Total COLA added
—
Investment needed today
—
Saved by earning interest
—
| Year | Income needed | COLA increase | Cumulative total | Present value |
|---|
Disclaimer: This calculator is for illustrative and educational purposes only and does not constitute financial, legal, or tax advice. COLA rates are estimates and may differ from actual inflation. Past inflation rates do not guarantee future results. Income needs will vary based on personal circumstances, healthcare costs, lifestyle changes, and economic conditions. Always consult a licensed financial advisor before making any financial plans or investment decisions.