Long term care is needed by those who can't perform the basic tasks required to take care of themselves. This can include people suffering from a debilitating illness or chronic injury. The need for long term care can arise unexpectedly, often creating a large financial burden. This calculator can help you determine if you are financially prepared for this impending expense.

Estimated daily cost

This is your current estimated cost of long term. The national average is currently about $160 per day in a nursing home, but can be higher or lower depending on a variety of factors including your specific medical requirements and where you live. This amount is adjusted annually by the calculator to account for inflation.

Years of care

The number of years you expect to require long term care. The average stay in a nursing home is about 2.5 years, but can vary considerably.

Inflation rate

What you expect for the average long term inflation rate.

Funds currently available

The total amount that you have saved or invested that would be available to pay for long term care expenses.