Long-Term Care Calculator
LONG TERM CARE CALCULATOR
Estimated annual cost: $0.00
Estimated total need: $0.00
Estimated unprotected need: $0.00
This information may help you explore results to analyze your financial goals and needs. It is based solely on information provided by you. The calculations do not infer that Matador Insurance Services assumes any fiduciary duty or guarantees actual results. The calculations provided should not be considered financial, legal or tax advice. Additionally, the information should not be relied upon as the sole source of information. Hypothetical examples and past performance do not guarantee or indicate future performance.
The calculator is not an illustration and its results are not to be used for illustration purposes. We encourage you to seek advice from a qualified professional regarding your financial goals and issues.
Planning for retirement means thinking about a wide range of costs, including the often-overlooked need for long-term care. Many individuals spend years preparing for income and financial growth, but future care needs often remain unaddressed until they become urgent.
The long-term care calculator is a simple, effective tool that helps estimate the potential cost of care, so you can plan with clarity instead of relying on guesswork.
What Is Long-Term Care Planning?
Support with daily living activities such as bathing, eating, or dressing falls under long-term care. These needs often arise with age or following illness, and they may require in-home assistance, assisted living, or moving into a nursing facility.
Planning for this stage of life means considering the financial side of care early. Without a plan, families are often left to make last-minute decisions that create stress and reduce financial flexibility. A forward-looking approach helps preserve independence and stability for both individuals and their loved ones.
Long-Term Care Calculator
How This Calculator Helps You
The calculator allows you to enter basic personal details like age, health status, and location, along with preferences for care type. Using today’s data along with projected inflation patterns, the tool generates an estimate of what those costs could look like in the future.
You can review possible expenses for in-home care, assisted living, or full-time nursing care, depending on what you expect your needs to be. With just a few entries, you gain insight that might otherwise require lengthy research to find.
Benefits of Using a Long-Term Care Calculator
A thoughtful approach to future care begins with a clear understanding of what it might cost. The calculator supports smarter planning in several ways:
- You’ll be able to compare care options side-by-side, which helps with both financial preparation and peace of mind.
- Projected costs help determine whether long-term care insurance is worth considering, and what level of coverage may be appropriate.
- Early preparation cuts down on the chances of needing to draw down investment accounts unexpectedly or selling assets at the wrong time.
- Having a plan allows you to communicate preferences ahead of time, making care decisions less stressful for loved ones.
Tips for Getting Accurate Estimates
Begin by entering the most current and accurate information available to you for the best results. Consider your retirement timeline, your health background, and the type of care you prefer. Be realistic about costs and inflation over time. After using the calculator, bring your results to a Matador advisor for a more personalized review.
An advisor can help evaluate coverage options and coordinate long-term care planning with the rest of your retirement strategy, so every part of the plan works together.
Prepare Today for Tomorrow’s Care
Thinking about care in advance gives you more control and fewer financial surprises later on. To help ease the process, our calculator can help you get a clearer view of potential costs and take the first step in planning ahead.
Try the tool, get your results, and then schedule a conversation with Matador Insurance to discuss how long-term care planning can support your broader financial goals while preserving the retirement you’ve already built.