Does Quicken Planner adjust the "Yearly Living Expenses" for inflation?

hn14246
hn14246 Member ✭✭✭
edited August 2024 in Budgeting and Planning Tools (Windows)

My current yearly expenses are $77,000, with inflation of 3%, what will my expenses be in 28 years when I retire? Thank you.

Best Answers

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    The math — 1.03 ^ 28 = 2.29 leads to a touch over $176,000 for your living expenses 28 years from now. With a ton of implied assumptions!

  • Scooterlam
    Scooterlam Quicken Windows Subscription SuperUser ✭✭✭✭
    edited July 2024 Answer ✓

    In Lifetime Planner, you can view the plan in future dollars by clicking on the gear icon>Show amounts in future value. You can view year to year detail (income, expense, portfolio/account value) by clicking on any bar (any year) in the "Plan Results" graph, which brings up the summary table for that year.

    image.png

Answers

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    The math — 1.03 ^ 28 = 2.29 leads to a touch over $176,000 for your living expenses 28 years from now. With a ton of implied assumptions!

  • Scooterlam
    Scooterlam Quicken Windows Subscription SuperUser ✭✭✭✭
    edited July 2024 Answer ✓

    In Lifetime Planner, you can view the plan in future dollars by clicking on the gear icon>Show amounts in future value. You can view year to year detail (income, expense, portfolio/account value) by clicking on any bar (any year) in the "Plan Results" graph, which brings up the summary table for that year.

    image.png
  • hn14246
    hn14246 Member ✭✭✭

    Thank you, Q-Lurker and Scooterlam, for your quick reply. Your answers were spot on. I've been a long-time Quicken user but never used this forum before. It's great to know you can count on kind expertise in the community. Best Regards.

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