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Health

Financial

Long-term care insurance

Your result

Moderate Long-term care costs

What it means

Care costs could create noticeable pressure on your retirement plan.

How we chose it

Same exposure score. This tag appears when the score is between 50 and 74.

Estimated net care cost

$431,408

Chance of needing care (planning weight) 78% · Funding gap $311,408 · Insurance offset $0.

Savings impact

13%

Care start (typical)

Age 74

Unsaved result

Long-term care summary

Moderate Long-term care costs

What it means

Care costs could create noticeable pressure on your retirement plan.

How we chose it

Same exposure score. This tag appears when the score is between 50 and 74.

Assisted living — 2.8 year(s) at typical start age 74.

Gross care cost

$431,408

Insurance estimate

$0

Funding gap

$311,408

Chance of needing care

78%

Care cost inflation

747576$0k$40k$80k$120k$160k

Risk areas

  • Funding gap

    About $311,408 in care costs may not be covered by insurance and money set aside for care under this scenario.

  • Savings at risk

    A multi-year care event could materially reduce retirement assets — consider insurance, earmarked savings, or spending flexibility.

  • No long-term care insurance

    Cumulative need probability is moderate to high with no insurance modeled — self-funding or family care may carry more risk than expected.

Planning insights

  • About 78% cumulative planning weight for needing paid long-term care before age 76.8 under this profile.
  • If care begins around age 74 in a assisted living setting, gross costs may reach $431,408 before insurance.

Your Long-term care estimate

Your Long-term care is one piece of your retirement plan

You are here. Five more steps bring every piece together to answer the bigger question: will your money last as long as you do?

Your Long-term care is one piece of your retirement plan

Your Long-term carePieces still to add

  • Current age
  • Retirement savings

Your retirement plan will also answer

  • When can I and my spouse retire?
  • How much should I save?
  • When should I claim Social Security?
  • Should I do Roth conversions?
  • How much can I safely withdraw?
  • Should I pay off debt first?
  • Would my plan weather market ups and downs?

How it works · Your path to a full Health plan

  1. Long-term care

    You are here

    Projected $431,408

  2. Income

    Current income plus Social Security, pensions and annuities

  3. Expenses

    Day-to-day living, healthcare premiums and planned future costs

  4. Assets

    Homes, properties, investments and savings

  5. Non-mortgage debts

    Car loans, credit cards and other balances

  6. Annual savings and review

    Confirm yearly savings, then see your full plan

Interpretation

Understand your results

Planning context for the estimates above. Not tax, legal, or investment advice.

Long-term care is one of the largest uncapped risks in retirement. For your profile, the model assigns about 78% planning weight to needing paid care before age 92. A assisted living episode starting near age 74 could cost $431,408 before insurance, with about $431,408 remaining as your out-of-pocket exposure.

After money set aside for care, the funding gap is about $311,408. Savings impact at the planning horizon is about 13% versus a path without a care event ($6,870,247 vs. $7,880,022 remaining in this simplified simulation).

Medicare does not cover most custodial long-term care. Pair this analysis with your healthcare, income, and legacy calculators in Retirelens — and with licensed insurance and legal advisors for policy and Medicaid planning.

Methodology

How we figure this out

The rules and math behind this estimate.

We estimate the probability of needing paid long-term care from your age, health, family history, and mobility, then project inflation-adjusted costs for home care, assisted living, or a nursing facility using national midpoint benchmarks adjusted for region.

Long-term care insurance reduces gross costs up to your daily benefit and benefit pool. The funding gap is net care cost minus money set aside for care. Savings paths compare balances with and without a multi-year care event on top of your other withdrawals.

This is educational planning support — not a clinical prediction, insurance quote, or Medicaid eligibility determination. Costs and laws vary by state; verify with professionals before buying coverage or changing your plan.

Frequently asked questions

Straight answers to common questions about this calculator.

Does Medicare pay for long-term care?

Mostly no for ongoing help with bathing, dressing, or memory care. Medicare may cover short skilled nursing after a hospital stay.

What are the odds I will need care?

Many older adults need some paid help at some point — at home, assisted living, or a nursing home. Length and cost vary widely.

How much does care cost?

Often tens of thousands per year, more in expensive areas and for nursing-level care. This tool inflates costs to when care might start.

How does long-term care insurance help?

A policy may pay part of the bill. Enter your policy's daily benefit and years of coverage for an estimated offset—confirm details with your insurer.

Retirement is more than your money

Your retirement plan is one of five pillars Retirelens helps you plan.

Finance

Know where you stand and what to do next with your money.

Health

Stay on top of coverage, care and habits that keep you well.

Purpose

Shape days you look forward to, with steps to get there.

Connections

Strengthen relationships and build a support circle.

Legacy

Organize what matters and document so your family isn't left guessing.