Assisted Living Cost Calculator
Estimate total assisted living costs, analyze how long your savings will last, and compare assisted living with in-home care and nursing home alternatives. Plan your funding strategy with year-by-year projections.
Assisted Living Costs
Additional Services
Monthly costs for add-on services not included in the base rate. Enter 0 for services not needed.
Income & Funding Sources
Funding Readiness Score
You are well-prepared to fund assisted living costs. Your savings and income can comfortably cover the expected care period with a safety margin.
Monthly Cost
$5,375
Savings Last
7+ yrs
Monthly Total Cost
$5,375
$64,500/year
Total Lifetime Cost
$509,440
over 7 years with inflation
Savings at Move-In
$478,999
after 8 years of growth
Monthly Income Gap
$2,375
shortfall drawn from savings
Fully funded for the expected care period
Your combined income and savings are projected to cover the full 7 years of assisted living costs. Your estimated remaining savings balance at the end of the care period is $343,377.
Savings Depletion Timeline
How your savings balance changes over the care period
Monthly Cost Comparison
Assisted living vs in-home care vs nursing home
Monthly Cost Breakdown
Where your assisted living dollars go
Total
$5,375
Base Rate
84%$4,500/yr
Medication Mgmt
5%$250/yr
Physical Therapy
7%$400/yr
Transportation
3%$150/yr
Personal Laundry
1%$75/yr
Monthly Funding Sources
How costs are covered each month
Total
$5,375
Social Security
41%$2,200/yr
Pension
15%$800/yr
From Savings
44%$2,375/yr
Year-by-Year Cost & Savings Projection
Detailed annual breakdown with inflation-adjusted costs
| Year | Age | Annual Cost | Annual Income | Annual Gap | Savings Balance |
|---|---|---|---|---|---|
| 1 | 78 | $64,500 | $36,000 | $28,500 | $469,659 |
| 2 | 79 | $67,080 | $36,000 | $31,080 | $457,365 |
| 3 | 80 | $69,763 | $36,000 | $33,763 | $441,897 |
| 4 | 81 | $72,554 | $36,000 | $36,554 | $423,019 |
| 5 | 82 | $75,456 | $36,000 | $39,456 | $400,484 |
| 6 | 83 | $78,474 | $36,000 | $42,474 | $374,029 |
| 7 | 84 | $81,613 | $36,000 | $45,613 | $343,377 |
Personalized Insights
Actionable recommendations based on your numbers
Your savings can fully cover the expected care period
With $478,999 in projected savings at move-in and $3,000/month in income, your funds are projected to last through the full 7-year care period. Continue saving and investing to build an additional buffer for unexpected costs.
Monthly income shortfall of $2,375
Your monthly income of $3,000 covers 56% of the $5,375 monthly cost. The $2,375 gap will need to come from savings each month, which totals $28,500/year in savings drawdown.
Save $41,352/year compared to nursing home care
Assisted living at $5,375/month is 39% less expensive than nursing home care at $8,821/month. Assisted living provides more independence and a home-like environment while offering the support services needed.
No LTC insurance coverage factored in
Without long-term care insurance, the full cost of assisted living must come from income and savings. If you are under 75 and in good health, LTC insurance may still be an option. A typical policy covering $4,500/month in benefits costs $2,000-$4,000/year in premiums depending on age and health.
Care costs will rise from $64,500 to $81,613/year
At 4% annual inflation, assisted living costs in year 7 will be 27% higher than today. Healthcare and senior care costs typically outpace general inflation. Plan for increasing costs over time to avoid surprises.
8 years to prepare before move-in
You have 8 years before the expected move-in at age 78. Use this time to maximize savings, explore LTC insurance options, research facilities, and consider Medicaid planning if applicable. Saving an additional $2,375/month during this period would add $228,000 to your care fund.