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Human Life Value

One of your most important assets is your ability to earn a paycheck. This calculator is designed to help you understand today’s value of your future earning. Use this calculator to determine your economic value for your loved ones… your Human Life Value.

Definitions

Years until retirement

Number of years before retirement.

Current annual income

Your current annual income. If you are married, this should not include any income from your spouse.

Return on investments

This is the annual rate of return you expect from your investments after taxes. The actual rate of return is largely dependant on the type of investments you select. From January 1970 to December 2005, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.4% per year. During this period, the highest 12-month return was 61%, and the lowest was -39%. Savings accounts at a bank pay as little as 1% or less. It is important to remember that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment.

Expected annual inflation rate

What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has an approx. long-term average of 3.00% annually, from 1925 through 2014.

Expected income growth

Annual percent increase you expect in your annual income.

Human life value

This is the total amount you would need invested today, to equal the total earnings of a person’s lifetime. Two values are calculated for you. The first includes only your expected income growth, the second includes your expected income growth plus the impact of inflation.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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