Estimating The Cost Of Retirement Floor

Here s what s behind those high costs.

Estimating the cost of retirement floor. The average retiree spends around 4 300 per year on out of pocket healthcare costs according to a study from the center for retirement research at boston college and that doesn t include long. Accurately estimate the true cost of retirement. Whatever things cost today like the price of gas or an average three bedroom home you can add a figure of 2 percent each year to get a better idea of what it might be worth down the line. We find that the actual replacement rate is likely to vary considerably by retiree household from under 54 to over 87.

A 65 year old couple in good health and retiring in 2019 could be on the hook for 387 644 in medical expenses according to an analysis by healthview services. Expenses covered by your employer that will come out of pocket once retired. Depending on your selections the total cost for hardwood floor installation can average up to 4 6 per square foot. Although you may be able to accurately estimate your entertainment food and transportation costs in retirement health care is the one major outlay that is unpredictable and expensive.

To find your total material cost add the cost of flooring to the cost of the additional parts. It pays to research costs as they vary widely. You can print this worksheet to save for future reference but your data will not be saved online. After you ve entered your estimated expenses for each category click calculate at the bottom to see your total.

To calculate how inflation might impact your savings a standard rate of around 2 percent per year can be applied. This home depot guide explains the cost of installed hardwood floors with estimates for materials and underlayment included. Currently your employer pays for your health insurance premiums. You learn that once retired you will have to pay 350 per month 4 200 per year for this coverage.

4 300 per month 51 600 per year. Current monthly take home pay. Ft and hardwood flooring can range from 4 to 15 per sq. While the idea of a 30 year retirement period is a great way to simplify how long retirement is going to last the actual period is going to vary by household blanchett said.