Families are blindsided by the cost of in-home care, assisted living, or nursing care because they never priced it out in advance.
Comparing real costs against your parent's actual assets and income means the number is planned for, not a shock when a care decision has to happen fast.
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National averages for elder care can be off by thousands per month from what's actually available in your parent's area, and a generic number doesn't tell you whether their own income and assets can actually sustain it.
Enter your parent's real monthly income and liquid assets against the estimated cost of each care level, and the sheet calculates the monthly funding gap and exactly how many months their assets would cover it — so you can compare care levels side by side on real numbers, not national averages.
We built this after noticing elder-care cost advice stops at a national average, when the number that actually matters is whether your specific parent's income and assets can sustain it.
— DaveWays
Calculated from your parent's actual income and assets against real local cost estimates.
Months Assets Would Cover Gap is calculated automatically for each care level.
See which levels are financially sustainable long-term versus which would exhaust assets quickly.
Does this replace an elder-law attorney or financial advisor?
No, it gives you real numbers to bring into that conversation, not a replacement for professional advice.
Where do I get local cost estimates?
Contact local facilities or in-home care agencies directly; national averages are a starting point only, not what you should plan around.
What if my parent's situation changes?
Revisit the analysis whenever income, assets, or health needs change — the numbers shift over time.
Want more tools like this? Browse every Personal Finance tool.
Aging Parent Care Cost Planner (Free Preview) — download a condensed version free, no purchase required, to see if it's a fit before you buy.
Aging Parent Care Cost Planner is $16.99 USD, one-time payment, instant delivery, no subscription. Covered by our 30-day money-back guarantee. See our refund policy and terms.
