Income Protection Needs Calculation

Dependent Wife and Child Current Year 2018

Client Age 30 Monthly Income 6,000

Dependent's Age 2 Inflation 4% p.a.
Support Until 25 Investment Return 5% p.a.
Dependent's Age

Year Dependent's Age Client's Age Yearly Income Needs Capital Needs Option 2 : Just
Provide Income
for N Years

2018 2 30 72,000.00 $1,493,548.63 $353,207.85

2019 3 31 74,880.00 $1,492,626.06 $367,336.17
2020 4 32 77,875.20 $1,488,633.36 $382,029.61
2021 5 33 80,990.21 $1,481,296.07 $397,310.80
2022 6 34 84,229.82 $1,470,321.15 $413,203.23
2023 7 35 87,599.01 $1,455,395.90 $429,731.36
2024 8 36 91,102.97 $1,436,186.74 $446,920.61
2025 9 37 94,747.09 $1,412,337.96 $464,797.44
2026 10 38 98,536.97 $1,383,470.42 $483,389.34
2027 11 39 102,478.45 $1,349,180.12 $502,724.91
2028 12 40 106,577.59 $1,309,036.75 $522,833.91
2029 13 41 110,840.69 $1,262,582.12 $543,747.26
2030 14 42 115,274.32 $1,209,328.50 $565,497.15
2031 15 43 119,885.29 $1,148,756.89 $588,117.04
2032 16 44 124,680.70 $1,080,315.17 $611,641.72
2033 17 45 129,667.93 $1,003,416.19 $636,107.39
2034 18 46 134,854.65 $917,435.67 $661,551.68
2035 19 47 140,248.84 $821,710.08 $688,013.75
2036 20 48 145,858.79 $715,534.30 $715,534.30
2037 21 49 151,693.14 $598,159.29 $744,155.67
2038 22 50 157,760.87 $468,789.45 $773,921.90
2039 23 51 164,071.30 $326,580.02 $804,878.78
2040 24 52 170,634.15 $170,634.15 $837,073.93
2041 25 53 177,459.52 $0.00 $870,556.88
2042 26 54 184,557.90 ($186,332.50) $905,379.16
2043 27 55 191,940.22 ($389,434.91) $941,594.33
2044 28 56 199,617.82 ($610,443.89) $979,258.10
2045 29 57 207,602.54 ($850,564.80) $1,018,428.42
2046 30 58 215,906.64 ($1,111,075.70) $1,059,165.56
2047 31 59 224,542.90 ($1,393,331.46) $1,101,532.18
2048 32 60 233,524.62 ($1,698,768.08) $1,145,593.47
2049 33 61 242,865.61 ($2,028,907.34) $1,191,417.21
2050 34 62 252,580.23 ($2,385,361.59) $1,239,073.90
2051 35 63 262,683.44 ($2,769,838.91) $1,288,636.85
2052 36 64 273,190.78 ($3,184,148.47) $1,340,182.33
2053 37 65 284,118.41 ($3,630,206.20) $1,393,789.62
2054 38 66 295,483.14 ($4,110,040.84) $1,449,541.21
2055 39 67 307,302.47 ($4,625,800.19) $1,507,522.85
2056 40 68 319,594.57 ($5,179,757.79) $1,567,823.77
2057 41 69 332,378.35 ($5,774,319.97) $1,630,536.72
2058 42 70 345,673.49 ($6,412,033.24) $1,695,758.19
2059 43 71 359,500.42 ($7,095,592.06) $1,763,588.52
Option 2 : Just Provide Income for
N Years
N 5 Years