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You're totally screwed. Hang on to your job & work until you're 70.
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You're 51 years old today (2023).
Let's say you expect to enter Assisted Living Facility (ALF) at age 75 (2047). The price today of an ALF varies all over the place. But one sort of in the middle currently is about $6,000 per month today ($72,000 per year).
What will the price of ALF be once you're age 75 and ready to be admitted? Tough to say. Adjusted for inflation is even harder to say.
But if we guess the ALF will raise prices by 5% per year, then come 2047 when you are age 75, ALF will charge about $19,351 per month ($232,207 per year), continuing to go up each year.
But WAIT. It gets better.
Let's say you live a nice, long time in ALF. You enter at age 75 and depart ALF at age 90.
Your last year of ALF will cost you about $40,229 per month ($482,742 for the year).
How much will you have spent on Assisted Living before you need to move to a Nursing Home?
At this point, you transition to a Nursing Home, as you require more care than an ALF will provide.
Figure you'll need 1 year in the nursing home before you die (you might need 10, but let's just say you need only 1).
What will 1 year in the nursing home cost you in far off 2063? That is hard to say, but roughly $1 Million is a reasonable planning number.
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In the real world, it is common for people to enter Assisted Living and eventually run out of money. At that point, Medicaid kicks in for the impoverished. You'll discover that some ALFs will kick you out at that point because Medicaid pays much less than the monthly fee to live in an ALF. At that point, it is a mad scramble to find some old-folks home that will take you. Here's a hint: it won't look anything like the online brochures. It will be so low quality the only people who would stay there are on the public dole.
There’s no way to plan for ALF cost of 20-40k per month so your analysis is really worthless. At that point people are insolvent, on Medicaid and all the saving/planning is out of the window