Human Life Value Calculator
Calculate the present value of your future earnings to determine your economic worth for life insurance purposes.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Human Life Value
$1,185,286.69
≈ 3 average U.S. homes
How to Use This Calculator
- Enter your current age and planned retirement age.
- Input your current annual income.
- Set the percentage of income spent on yourself (the portion your family does not depend on).
- Enter a discount rate to convert future income to today's dollars.
- Review the Human Life Value — the present value of your future earnings — as a starting point for coverage.
How the result changes with Retirement Age
| Retirement Age | Human Life Value |
|---|---|
| 53 | $791,127.79 |
| 61 | $1,063,868.00 |
| 70 | $1,324,497.02 |
| 77 | $1,498,216.15 |
What each input means
- Current Age
- Your current age.
- Retirement Age
- Expected age at retirement.
- Current Annual Income
- Your current gross annual income.
- Annual Income Growth
- Expected annual raise or income growth rate, including inflation.
- Personal Consumption
- Percentage of income used for your own expenses (not shared with family).
- Discount Rate
- Rate used to discount future earnings to present value. Typically 4-6%.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersCurrent Age = 35, Retirement Age = 65, Current Annual Income = 75000, Annual Income Growth = 3 = 6 input(s) provided
- Calculate Human Life Value1185286.69 = $1,185,286.69
- Calculate Total Future Earnings3675200.86 = $3,675,200.86
- Calculate Annual Net Contribution52500 = $52,500
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