Factor in your future
Cost of living now and later
Planning for inflation as you save over the years might make it a little easier to achieve your ideal living standard during retirement. Take a look at how inflation could have a big impact on your long-term goals.
18 - 29
30 - 49
50+
Select your age group:
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This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional. Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX or The United States Life Insurance Company in the City of New York (USL), New York, NY. Guarantees are backed by the claims-paying ability of the issuing insurance company and each company is responsible for the financial obligations of its products. Beginning January 1, 2026, USL will be Corebridge Financial’s sole authorized issuer of new annuities in New York. Securities and investment advisory services offered through VALIC Financial Advisors, Inc., member FINRA, VALIC Retirement Services Company provides retirement plan recordkeeping and related services and is the transfer agent for certain affiliated variable investment options. All companies above are wholly owned subsidiaries of Corebridge Financial, Inc. Corebridge Retirement Services, Corebridge Financial and Corebridge are marketing names used by these companies. Learn more about our affiliated companies: corebridgefinancial.com/names. © Corebridge Financial, Inc. All rights reserved. VC 40112 (03/2024) J1506107 EE
Action today can lead to great things tomorrow. Action is everything.
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Use the links below to help you take action for your future.
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Click the icons on the right to see just how much inflation might affect your purchasing power over the next 30 years.
Inflation rates can change the price of goods and services year after year. That means you’ll probably pay more for the same items in the future—increasing your cost of living over time. Make sure you’re saving now for the life you want in retirement. Take action for your future. It matters.
Your money's worth
My age range:
18 -29
Source: https://www.bls.gov/cex/tables/calendar-year/mean/cu-all-multi-year-2021-2022.pdf
using a projected inflation rate of 3% from 2024-2034
using a projected inflation rate of 3% from 2024-2044
using a projected inflation rate of 3% from 2024-2054
annual expense
$5,703
$7,664
$10,300
$13,843
In 10 years
In 20 years
In 30 years
Current
..................................
Groceries
$3,843
$5,165
$6,941
$9,328
Health insurance
Source: https://www.visualcapitalist.com/buying-vs-renting-house-in-america/#:~:text=Mortgage%20Rates%20Jump%20to%20New,standing%20at%20%242%2C700%20per%20month
$32,400
$43,543
$58,518
$78,643
Housing (average mortgage of $2,700 per month)
$1,284
$1,726
$2,319
$3,117
Cell phone service
Source: https://www.bankrate.com/insurance/car/cost-of-car-ownership/
average price
$48,008
$64,519
$86,708
$116,528
Vehicle price (new)
Source: https://www.neighbor.com/storage-blog/the-cost-of-owning-an-rv-in 2023/#:~:text=On%20average%2C%20including%20the%20storage,and%20%242%2C000%20in %20annual%20maintenance
$29,000
$38,974
$52,377
$70,391
Recreational vehicle (average for storage costs, payment, insurance, maintenance)
Source: https://stitchgolf.com/blogs/a/how-much-average-golfer-spend-per-year
$2,000
$2,688
$3,612
$4,855
Golf (average club costs, green fees, equipment)
Source: https://www.rocketmortgage.com/learn/home-renovation-costs
average expense
$22,000
$29,566
$39,734
$53,400
Home remodel
Source: https://www.goodrx.com/botox/how-much-does-botox-cost
$1,864 per year
$2,505 per year
$3,367 per year
$4,524 per year
Cosmetic procedures ($466 per botox x 4 per year)
Source: https://www.aplaceformom.com/senior-living-data/long-term-care-costs
$71,940
$96,681
$129,932
$174,617
Elder care (average $5,995 per month)
SIPC and an SEC-registered investment adviser.
Retirement Pathfinder®
$741
$996
$1,338
$1,799
Pet care
Source: https://www.bestcolleges.com/research/average-student-loan-payment/#:~:text=The%20average%20monthly%20federal%20student,degree%2Drecipients%20is%20about %20%24300.&text=People%20generally%20borrow%20more%20and,their%20monthly%20payments%20are%20higher.
$3,600 per year
$4,838 per year
$6,502 per year
$8,738 per year
College student loan payments (average $300 per month)
Source: https://www.valuepenguin.com/average-cost-braces
$5,991
$8,051
$10,820
$14,542
Braces (orthodontic)
FutureFIT University
Budget worksheet
$26,213
$35,228
$47,344
$63,626
Vehicle price (used)
$1,945
$2,614
$3,513
$4,721
Clothing
Source: https://www.usnews.com/education/best-colleges/paying-for-college/articles/paying-for-college-infographic
$10,662
$14,329
$19,257
$25,879
Collge tuition (in state)
Source: https://www.care.com/c/how-much-does-child-care-cost/#:~:text=Here%20are%20the%20average%20weekly,%25%20from%20%24229%20in%202022
$16,692
$22,433
$30,148
$40,516
Childcare (average $321 per week)
Source: https://www.fool.com/the-ascent/personal-finance/articles/this-is-how-much-the-average-american-really-spends-on-gym-memberships/#:~:text=The%20answer%20to %20that%20question,located%20and%20the%20amenities%20offered
$690
$927
$1,246
$1,675
Gym membership (average $57.50 per month)
Source: https://apolloacademy.com/sharp-increase-in-the-costs-of-going-to-music-concerts-after-the-pandemic/#:~:text=Sharp%20Increase%20in%20the%20Costs%20of %20Going%20to%20Music%20Concerts%20After%20the%20Pandemic,Torsten%20Sl%C3%B8k&text=The%20average%20price%20of%20a,%3A%20Pollstar%2C%20Apollo %20Chief%20Economist
$120 per ticket
$161 per ticket
$217 per ticket
$291 per ticket
Concert tickets
