Income Replacement Calculator
Calculate how much income protection you need with our comprehensive calculator. Estimate financial security based on your income, expenses, and future financial goals.
Step 1: Income & Expenses
Understanding Income Replacement
Income replacement calculates how much financial protection you need to maintain your current lifestyle if you’re unable to work due to illness, injury, or other circumstances.
Step 2: Assets & Protection
About Income Protection
Income replacement insurance provides financial protection if you’re unable to work due to illness or injury. It typically replaces 50-80% of your pre-disability income.
Income Replacement Results
Recommended Income Replacement
Income Protection Comparison
| Protection Level | Income Replacement % | Monthly Benefit | Coverage Amount |
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Income Replacement Breakdown
Income Replacement Formula
Replacement Need = (Annual Income × Replacement Years) × Inflation Factor
To calculate income replacement needs, multiply your annual income by the number of years you need replacement, then adjust for inflation. Subtract existing savings and insurance to find your protection gap.
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