Child-raising budget
Plan future child-raising costs by age stage, with an optional separate estimate of income lost during leave. Replace every example with your household's assumptions.
LIFE, IN NUMBERS
Future lifetime living costs
Estimate future living spending from your current age to a chosen birthday. Compare different living-cost and retirement assumptions.
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Total future expenses from age 30 to the 85th birthday
19,600,000TWD
This adds future spending over the selected period. It is not retirement capital needed now or a lifespan forecast.
Total annual expenses before retirement12,600,000
Total annual expenses after retirement6,000,000
Additional major expenses1,000,000
Worked steps
- Only the next 55 years; past expenses excluded
- Assumed annual cost growth: 0%
- Living costs split before and after retirement, plus one-time major costs
Counts only future expenses from your current age to the selected age. Past spending is excluded; this is not a lifespan forecast. Enter monthly costs in today's money; the same annual growth assumption applies each year. Add major expenses once using the total you expect to pay. Income, investment returns and assets are not estimated, so this is not a retirement funding shortfall.
What assumptions does this budget include?
Apply the appropriate monthly budget before and after retirement, increasing it annually by the same assumed rate. Add the entered large-expense total once at its planned nominal amount.
The selected end age is a planning boundary rather than a life-expectancy prediction. Monthly budgets begin as today's amounts, while the large-expense total is entered as the amount expected to be paid.
Income, investment returns and existing assets are not estimated. This is therefore not a retirement funding gap or a promise that assets will cover the result.
What this helps you do
Estimate future living spending from your current age to a chosen birthday. Compare different living-cost and retirement assumptions.
What to enter
Start with current age (years), then fill the other relevant fields in the units shown. The field hints explain the required format and examples.
How the calculation works
Apply the appropriate monthly budget before and after retirement, increasing it annually by the same assumed rate. Add the entered large-expense total once at its planned nominal amount.
Worked example
From age 30 to the 32nd birthday at TWD 25,000 monthly, no inflation and no large expenses, future spending is TWD 600,000. Past spending before age 30 is not included.
Understanding the answer
The selected end age is a planning boundary rather than a life-expectancy prediction. Monthly budgets begin as today's amounts, while the large-expense total is entered as the amount expected to be paid.
Scope and limitations
Income, investment returns and existing assets are not estimated. This is therefore not a retirement funding gap or a promise that assets will cover the result.