How does inflation impact my standard of living?

Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.
Number of years for the analysis 
Estimated inflation rate (%)help
Monthly or annual figures? 
Mortgage payment or rent ($) 
Vacation home (mortgage) ($) 
Automobile loan(s) ($) 
Personal loan(s) ($) 
Charge accounts ($) 
Federal income taxes ($) 
State income taxes ($) 
FICA (social security taxes) ($) 
Real estate taxes ($) 
Other taxes ($) 
Utilities ($) 
Household repairs and maintenance ($) 
Food ($) 
Clothing and laundry ($) 
Educational expenses ($) 
Child care ($) 
Automobile expenses (gas, repairs, etc.) ($) 
Other transportation expenses ($) 
Life insurance premiums ($) 
Homeowners (renters) insurance ($) 
Automobile insurance ($) 
Medical, dental and disability insurance ($) 
Entertainment and dining ($) 
Recreation and travel ($) 
Club dues ($) 
Hobbies ($) 
Gifts ($) 
Major home improvements and furnishings ($) 
Professional services ($) 
Charitable contributions ($) 
Other and miscellaneous expenses ($) 
The information provided here is to assist you in planning for your future. 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 note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive 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.

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