Care Cost Calculator

Estimate how much your parent's care will cost and how long their money will last under different scenarios.

1 Financial Situation

All bank accounts, investments, retirement funds
Estimated home value minus mortgage
Combined if both parents
Pension, annuity, rental income, etc.

2 Current Care Needs

Moderate: Needs help with bathing, dressing, medication reminders. Can walk, eat, and toilet with minimal help.
Care costs vary significantly by location

3 Calculate Your Scenario

Your Results

Total Assets
$400,000
Savings + Home Equity
Monthly Income
$2,500
Social Security + Pension
Estimated Monthly Need
$5,500
Gap: $3,000/mo from savings

Care Options Comparison

Care Option Monthly Cost After Income Savings Last

Monthly Cash Flow Breakdown

Income covers:
$2,500
Monthly shortfall:
$3,000

Key Insight

Your savings could cover approximately 6.5 years of assisted living costs at current rates.

Recommended Next Steps

Disclaimer: This calculator provides estimates based on national and regional averages. Actual costs vary significantly by location, facility, and individual care needs. Costs typically increase 3-5% annually. This is not financial advice. Consult with an elder law attorney and financial advisor for personalized planning.