How will retirement impact my living expenses?
Your living expenses may increase or decrease at retirement, but will likely not stay the same. You may travel more, reduce expenses such as eating out and travel costs, perhaps your house will be paid off. Use this calculator to help compare living expenses between now and when you are retired. This will also help you to plan your saving requirements for retirement.
The results and explanations generated by this calculator may vary due to user input and assumptions. New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.