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Critical Calculator

Income

After Tax Annual Income :
$
Current age :
Portion required to retain current lifestyle :
 		 X %=
 		 $ to age
 

Less Disability Benefits
Company LTD % of after tax income = $ to age
Personal D.I $ monthly benefit amount = $ to age

Total annual income required :

$ to age
Expenses

Mortagage Balance =
$
Home Care (Help)
Health care with light housekeeping : $ X days/week = $ /month
Registered Practical Nurse : $ X days/week = $ /month
Registered Nurse : $ X days/week = $ /month
Total Home Care :
 $ /month

Private Nursing Home Care (per month) :
$ /month
Include months for Home Care/Nursing Home costs = $

Additional Medical Care :
$
Medication not covered by gov't, re-constructive surgery, private health clinics

Medical Equipment :(Help)
Wheel Chair : $
Walker : $
Chair Lift : $
Total equipment cost : $ X %= $
Home Renovations : $
Recuperation Getaway : $
Miscellaneous : (Help)
Wardrobe, child care, vehicle modification, replacement of spouse's salary		 $

Total Cash Required :
$
Cash Available

Bank Deposits :
$
Savings (investments, segregated funds, GIC's) : $
Registered Savings (RRSPs) : $
Marginal tax rate :    
Net available from registered savings $
Critical Illness Insurance : $

Total Cash Available :
$

Summary of Results

Assumed Rate of Return :


Capital required to provide income: $ $ $
Plus Total Cash required : $ $ $
Less Assets available : $ $ $
Recommended Lifecheque Coverage $ $ $