The Human Life Value calculator estimates how income from work may support a household. Save the result as a Modeled goal in Family Coverage. It is available on Starter and Builder Pro.
How It Works
Choose one of three estimates from income. Each way opens only the fields it needs.
- A multiple of your income — the factor depends on age: 30× at 40 or under, 20× from 41–50, 15× from 51–60, 10× from 61–65, and 5× from 66 on. A 45-year-old earning $100,000 models to $2,000,000.
- The paychecks still ahead of you — yearly income multiplied by the years until work stops. Enter income, age, and the age work stops. Someone aged 44 earning $150,000 who stops at 65 models to $3,150,000.
- A nest egg that pays your income — yearly income divided by a withdrawal rate. Enter income and choose from eight yearly rates. $150,000 at 4% models to $3,750,000.
Policy Stack does not rank the results or say which number is right.
There is also a fourth situation, shown below the three ways:
- Carried from your partner — for someone without income from work. Use a partner's saved goal: it carries over in full below $1,000,000, or at half at or above that amount. The partner must be on the Family Coverage map and have a goal based on their own income.
All results are Modeled. They use the entered inputs and do not account for investment growth, discounting, or yearly changes in income.
A saved goal records the way and inputs. Family Coverage review opens that way with the inputs filled in.
Older saved goals keep their original amount and assumptions. Opening one does not recalculate it.