--- title: "Inflation: An important factor in planning for retirement" description: Healthcare costs. Basic living expenses. Leisure activities. These are all important factors when determining how much money you’ll need in retirement image: https://thekeyfinancial.com/hubfs/Screenshot%202024-06-11%20212719.png --- [![The Key Financial (5)-1](https://thekeyfinancial.com/hs-fs/hubfs/The%20Key%20Financial%20(5)-1.png?width=100&height=100&name=The%20Key%20Financial%20(5)-1.png "The Key Financial (5)-1")](https://thekeyfinancial.com/) [![](https://thekeyfinancial.com/hs-fs/hubfs/The%20Key%20Financial%20(5)-May-31-2024-12-36-01-8501-AM.png?width=150&height=150&name=The%20Key%20Financial%20(5)-May-31-2024-12-36-01-8501-AM.png)](https://thekeyfinancial.com) [![](https://thekeyfinancial.com/hs-fs/hubfs/The%20Key%20Financial%20(5)-May-31-2024-12-36-01-8501-AM.png?width=150&height=150&name=The%20Key%20Financial%20(5)-May-31-2024-12-36-01-8501-AM.png)](https://thekeyfinancial.com) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. - [ABOUT](https://thekeyfinancial.com) - SOLUTIONS - [Family Protection](https://thekeyfinancial.com/life-insurance) - [Retirement](https://thekeyfinancial.com/retirement-income) - TOOLS - [Premium Finance Estimator](https://www.myilia.com/agent-link/b43e1b43-4d4e-410e-b7f2-e72d901310f7) - [BLOGS](https://thekeyfinancial.com/financial-literacy) # Inflation: An important factor in planning for retirement by [Aria Keyoumarsi](https://thekeyfinancial.com/financial-literacy/author/aria-keyoumarsi)   |   Jun 12, 2024 Healthcare costs. Basic living expenses. Leisure activities. These are all important factors when determining how much money you’ll need in retirement. However, don’t forget to consider inflation too. What is inflation? Inflation is a calculation of average price increases over a given year, typically shown as a percentage. As inflation increases, it reduces the purchasing power of a dollar. The U.S. has seen inflation fluctuate year over year. For example, in 2008, inflation averaged 3.8%, in 2015, 0.1% and in 2019, 1.8%. Take a look at how prices may change over time: ![Screenshot 2024-06-11 212639](https://thekeyfinancial.com/hs-fs/hubfs/Screenshot%202024-06-11%20212639.png?width=436&height=288&name=Screenshot%202024-06-11%20212639.png) What can you do about inflation? Inflation is an inevitable reality, but there are things to consider when planning ahead to help defend against inflation. 1. Are you participating in your company’s retirement plan? If your company offers a match, are you saving enough to get the full match? 2. Does your overall portfolio include an investment lineup designed to hedge against inflation? 3. Think about your vision for retirement and how you want to spend your time. Are you saving enough to reach those goals? 4. Use our online “Are My Current Retirement Savings Sufficient?” calculator on getretirementright.com to help you determine how much you will need to save. This tool takes into account inflation when making calculations. Inflation is a real threat to your retirement, but saving early and investing wisely can help you safeguard your savings. - - - - #### About the author Aria Keyoumarsi [Follow me on my website](https://thekeyfinancial.com/) [Follow me on Facebook](https://www.facebook.com/Ariakeyoumarsi.EFA) [Follow me on LinkedIn](https://www.linkedin.com/in/ariafinancialadvocate/) [Follow me on Twitter](https://x.com/FinancialAria) Topics:   [Financial Literacy](https://thekeyfinancial.com/financial-literacy/tag/financial-literacy) ,   [Financial Planning](https://thekeyfinancial.com/financial-literacy/tag/financial-planning) ### Related posts [Life Insurance: Essential to Financial Planning](https://thekeyfinancial.com/financial-literacy/life-insurance-essential-to-financial-planning) [Is Life Insurance Worth it?](https://thekeyfinancial.com/financial-literacy/is-life-insurance-worth-it) [7 Steps to Help You Plan for Retirement](https://thekeyfinancial.com/financial-literacy/7-steps-to-help-you-plan-for-retirement) **The Key Financial** Independent insurance solutions for families, pre-retirees, and business owners. We work for you — not an insurance company. [Follow us on Facebook](https://www.facebook.com/Ariakeyoumarsi.EFA) [Follow us on LinkedIn](https://www.linkedin.com/in/ariafinancialadvocate/) [Follow us on Twitter](https://x.com/FinancialAria) [Follow us on Instagram](https://www.instagram.com/aria.keyoumarsi.cff//) - [Life Insurance](https://thekeyfinancial.com/life-insurance) - [Retirement Income](https://thekeyfinancial.com/retirement-income) - [Long-Term Care](https://thekeyfinancial.com/long-term-care) - [Disability Insurance](https://thekeyfinancial.com/disability-insurance) (214) 494-1472 (888) 990-3204 [Info@thekeyfinancial.com](mailto:Info@thekeyfinancial.com) Serving Clients Nationwide [© 2025 The Key Financial · Aria Keyoumarsi · All rights reserved. Protection · Retirement Income · Long-Term Care · Disability Insurance The Key Financial is an independent insurance services firm. 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