Income Replacement Gap Calculator
Explore a simple income-replacement scenario by choosing an annual income amount, replacement percentage, number of years, and existing dedicated assets. Every input is adjustable; the result is an illustration, not a coverage recommendation.
Your planning estimate
- Enter values and calculate
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Formula
Annual modeled replacement = annual income × replacement percentage.
Gross modeled replacement need = annual modeled replacement × planning years.
Estimated replacement gap = the greater of $0 or gross modeled need minus existing dedicated assets.
This version intentionally does not model investment returns, inflation, taxes, or present-value calculations. It also does not account for changes in income or expenses over time.
Use the full Family Protection Gap Calculator to include other debts, mortgage, education, final expenses, obligations, and available resources.