Retirement Expense Worksheet

⚠ Inflation awareness: Many core retirement expenses — healthcare, property taxes, insurance, and utilities — tend to increase each year, often faster than general inflation. Enter your current monthly amounts below. The Final Step will project forward using your chosen inflation rate. Consider 3–5% for general expenses and 5–7%+ for healthcare specifically.

Client Name(s)

Target Retirement Age

Used for inflation projection

Current Age

1. Household Essential

$0 / mo

▼

	Expense Item	Monthly ($)
E	Mortgage — Principal & Interest
E	Real Estate Taxes
E	Homeowners Insurance
E	Home Equity Loan / HELOC
E	HOA / Association Dues
E	Rent
E	Renters Insurance
Utilities
E	Utilities — Gas / Electric
E	Water / Sewer
E	Trash
E	Internet
E	Cell Phone
D	Cable / TV
D	Streaming Services
Maintenance
E	House Cleaning
E	Lawn Care / Landscaping — or estimate monthly average
E	Pest Control — or estimate monthly average
Household Subtotal		$0

2. Daily Living Essential / Discretionary

$0 / mo

▼

	Expense Item	Monthly ($)
E	Food / Groceries
D	Dining Out
D	Meal Delivery
E	Clothing (basic)
E	Personal Care / Grooming
E	Household Supplies
Daily Living Subtotal		$0

3. Healthcare & Insurance Essential

$0 / mo

▼

	Expense Item	Monthly ($)
Medicare
E	Medicare Part B Premium
E	Medicare Part D (drug plan)
E	Medicare Advantage Premium
E	Medigap / Supplement Premium
E	Health Insurance (pre-Medicare)
Out-of-Pocket
E	Prescriptions
E	Copays / Deductibles
E	Dental Insurance
E	Vision Insurance
E	Hearing Coverage
E	Specialist / Lab / Imaging
E	Medical Equipment
Supplemental Policies — optional depending on primary coverage
D	Standalone Dental Insurance
D	Standalone Vision Insurance
D	Hospital Indemnity
D	Cancer / Critical Illness
D	Accident Insurance
D	Other Supplemental Policy
Insurance
E	Life Insurance
E	Long-Term Care Insurance
E	Disability Insurance
E	Umbrella Liability Insurance
E	Veterinarian
Long-Term Care (if needed)
D	Home Health Care
D	Assisted Living
D	Nursing Home Care
IRMAA
D	IRMAA Surcharges — if applicable based on income
Healthcare & Insurance Subtotal		$0

4. Transportation Essential

$0 / mo

▼

	Expense Item	Monthly ($)
E	Auto Loans
E	Auto Insurance
E	Fuel
E	Repairs / Maintenance
E	Registration / Inspection
Transportation Subtotal		$0

5. Education & Loans Essential

$0 / mo

▼

	Expense Item	Monthly ($)
E	Credit Cards
E	Personal Loans
E	Tuition / Student Loans
E	Alimony
E	Child Support
E	Family Support (children / parents)
D	Education Contributions
Education & Loans Subtotal		$0

6. Entertainment Discretionary

$0 / mo

▼

	Expense Item	Monthly ($)
D	Parties & Events
D	Sports / Hobbies / Lessons
D	Membership Dues / Clubs
D	Vacation & Travel
Entertainment Subtotal		$0

7. Miscellaneous Mixed

$0 / mo

▼

	Expense Item	Monthly ($)
D	Charitable Donations
D	Gifts
E	Federal / State Income Taxes
E	Capital Gains Taxes
D	Accounting / Tax Prep
D	Other
Miscellaneous Subtotal		$0

8. Irregular / “Lumpy” Expenses Plan & Reserve

$0 / yr

▼

	Expense Item — enter estimated annual amount (tip: one-time cost ÷ years between occurrences)	Est. Annual ($)
R	Maintenance & Improvement (general)
R	Roof Replacement
R	HVAC Replacement
R	Appliance Replacement
R	Major Home Repairs (plumbing, electrical, structural)
R	Remodeling / Upgrades
R	Vehicle Replacement
R	Medical Emergencies
R	Family Emergencies
R	Legal Fees
R	Technology Replacement (phone, computer, etc.)
Irregular Total (annual) ÷ 12 = monthly reserve		$0

9. End-of-Life / Final Expenses Plan Ahead

$0 total

▼

	Expense Item — one-time estimated cost, not annual	Est. One-Time ($)
R	Funeral / Burial / Cremation
R	Final Medical Bills
R	Estate / Legal Costs
End-of-Life Total one-time lump sum — plan separately from monthly income		$0

Final Step — Expense Summary & Income Floor

Your complete retirement spending picture at today’s dollars

Global Inflation Rate

Applied to monthly totals for projection (healthcare may be higher — adjust as needed)

Essential Monthly

Sections 1–5 + taxes

Discretionary Monthly

Entertainment + lifestyle

Irregular / Annual Reserve

÷ 12 = $0 / mo reserve

Total Estimated Monthly Need

Essential + Discretionary + Monthly Reserve

$0 / mo

Your Income Floor

The minimum guaranteed monthly income needed before retirement starts

Essential Monthly

Monthly Reserve (Annual ÷ 12)

Income Floor Needed

$0 / mo

This is the number Social Security + pension + guaranteed income sources must cover before you touch your portfolio. Any gap between guaranteed income and this floor is what we solve together — typically through an annuity or other guaranteed income strategy.

▲ Inflation Projection — Essential Monthly Floor at Retirement

Today

Year 5

Year 10

At Retirement

✓ Worksheet Submitted Successfully

Thank you — Jill has received your expense worksheet and will be in touch shortly.
We recommend printing or saving a copy for your records before closing this page.

This worksheet is for planning purposes only and does not constitute financial, tax, or legal advice. Inflation projections are estimates only. Consult a qualified advisor before making financial decisions. | Silver & Secure Health Insurance Brokers | silverandsecure.com | 830-406-6654