Human Life Value Calculator (Canadian)

One of your most important assets is your ability to earn a paycheck. This calculator is designed to help you understand today's value of your future earnings. Use this calculator to determine your economic value for your loved ones... your Human Life Value.

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For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

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Human Life Value Calculator (Canadian)

*indicates required.

Human Life Value Inputs :

Years until retirement:*This entry is required.Enter an amount between 0 and 50

Current annual income:*This entry is required.Enter an amount between $0 and $5,000,000

Return on investments:*This entry is required.Enter an amount between 0% and 20%

Expected annual inflation rate:*This entry is required.Enter an amount between 0% and 20%

Expected income growth:*This entry is required.Enter an amount between 0% and 20%

**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Value calculated as KJE1

Definitions

Years until retirement

Number of years before retirement.

Current annual income

Your current annual income. If you are married, this should not include any income from your spouse.

Return on investments

This is the annual rate of return you expect from your investments after taxes. The actual rate of return is largely dependent on the type of investments you select. For example, the total return including dividends of the S&P/TSX Composite Index for the 10 year period from December 31, 2013 through December 31, 2023 was 8.6% (source www.spglobal.com). Savings accounts at a bank or credit union may pay as little as 2% or less. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment.

Insurance products may additionally include mortality, expense risk charges, cost of insurance, administrative, and surrender charges that will have a significant impact on the total rate of return for the investment.

Expected annual inflation rate

What you expect for the average long-term inflation rate.

Expected income growth

Annual percent increase you expect in your annual income.

Human life value

This is the total amount you would need invested today, to equal the total earnings of a person's lifetime. Two values are calculated for you. The first includes only your expected income growth, the second includes your expected income growth plus the impact of inflation.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.