Join AARP
Get exclusive member benefits & effect social change. Join Today
Home Budget Calculator
Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, you can click the "View Report" button to compare your budget breakdown to our targets, which can help identify areas for improvement.
calculator
definitions
Your income
Your total gross income from your paycheck.
Other income
Any other income that you receive including bonuses, alimony, child support or income from a business.
Federal tax withholding
Total amount withheld for federal taxes. Enter this amount from your pay stub.
State tax withholding
Total amount withheld for state taxes. Enter this amount from your pay stub.
Local tax withholding
Total amount withheld for local taxes. Enter this amount from your pay stub.
Other taxes and withholdings
Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your pay stub.
FICA
Total withheld for FICA (Federal Insurance Contributions Act) is based on the gross income on your paycheck.
Medicare
Total withheld for Medicare based on the gross income on your paycheck.
Insurance and benefits
Total amount withheld for insurance and benefits by your employer. Enter this amount from you pay stub.
Company retirement savings plan
Total amount withheld from your paycheck that is deposited into a company retirement savings plan such as a 401(k) or 403(b).
Discounts & Benefits
Financial Guidance Services for members provided by Charles Schwab.
Members can convert their assets into guaranteed income for life with AARP Lifetime Income Program from New York Life.
Members can make a difference to help end hunger with the AARP® Visa® Card from Chase.
Members receive exclusive member benefits & affect social change. Join Today
Follow us on 
Watch
Experts
Blog
Tools
Newsstand
Mobile
Community
Sitemap
AARP on YouTube
