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Retirement Budget Calculator | Downsizing vs Aging in Place | Smart Move Des Moines
🎓 SRES® Certified Tool

Retirement Budget Calculator

Compare the true costs of aging in place versus downsizing. Make informed decisions about your next chapter with real numbers.

💰

Monthly Income

Your fixed retirement income sources

Average Iowa benefit: $1,900/month
🏠

Current Home Costs

Monthly expenses if you stay

🏦 Housing Payment
Enter 0 if paid off
🔧 Maintenance & Utilities
Roof, HVAC, lawn care, snow removal, etc.
Enter 0 if paid off
📦

Downsized Home Costs

Projected monthly expenses after moving

🏘️ New Housing Payment
If buying with cash, enter 0
🔧 New Home Expenses
Lower for condos/townhomes
Often covers exterior maintenance
🏥

Other Monthly Expenses

Healthcare and living costs

Your Retirement Budget Analysis

Side-by-side comparison of your options

🏠 Aging in Place

$4,650
Monthly Expenses

📦 Downsizing

$3,561
Monthly Expenses

💰 Monthly Savings from Downsizing

$1,089
Every single month in your pocket

📈 Long-Term Savings Projection

Timeframe Aging in Place Downsizing You Save
5 Years $279,000 $213,660 $65,340
10 Years $558,000 $427,320 $130,680
15 Years $837,000 $640,980 $196,020
20 Years $1,116,000 $854,640 $261,360

🏦 Equity Liberation from Downsizing

$250,000
Current Home Equity
$235,000
Net Sale Proceeds*
$0
Cash After New Purchase

*Estimated after 6% closing costs

📋 Recommended Housing Budget

$1,050

Based on 30% of your monthly income, this is the maximum you should allocate to housing costs (including taxes, insurance, and HOA).

Ready to Explore Your Options?

Get a personalized downsizing consultation with Sarah Ingles, SRES® — Central Iowa's senior real estate specialist.

🎓 SRES® Seniors Real Estate Specialist
Sarah Ingles, REALTOR® SRES®

Sarah Ingles

REALTOR® SRES® | 10+ Years Insurance Expertise
📞 563-513-8771 ✉️ [email protected]

This calculator provides estimates for educational purposes only. Actual costs may vary. Consult with a financial advisor for personalized retirement planning. Real estate decisions should be made with professional guidance.