Effect of Inflation on Income Calculator

Inflation eats into and erodes our purchasing power on a continuing basis. The cost of living keeps going up so that we need more money each year just to stay even. An important factor in retirement planning is to determine how much income you will need to maintain a comfortable, secure lifestyle during your retirement years. Since inflation and the cost of living goes up each year, it is critical to factor-in the effect of inflation on your future income needs.

This calculator lets you calculate how much income you will need in the future, based on your current income and a projected inflation rate. Use this calculator to calculate your future income need in one of two ways: in future dollars or in today's dollars.

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