Disability Insurance Calculator
Find the monthly gap a disability would leave after your benefit, and the cash needed to cover the waiting period.
Free · No sign-up · Your inputs stay in your browser
Your numbers
Find the gap a disability would leave
Your projection
$1,180 a month short
Benefit after tax
$3,120
Cash to cover the wait
$12,900
$3,900 more needed.
Share of income replaced
48%
The policy's definition of disability matters as much as the amount: own-occupation cover pays if you cannot do your job, any-occupation only if you cannot do any job. Social Security disability has a five-month wait and a strict test.
About this tool
Method, assumptions, practical next steps, and limits.
Your income is your largest asset
For most working households, the ability to earn is worth more than everything they own. Disability insurance protects it, and group policies usually replace only part of it.
How the calculation works
Benefit = min(cap, income × replacement %), reduced by tax if the employer paid the premium with pre-tax dollars. Waiting period cash = essential costs × days ÷ 30.
On $6,500 of monthly income, a 60% benefit is $3,900. Taxed at 20% because the employer paid, it is $3,120, which is 48% of income and $1,180 short of $4,300 of essentials. A 90-day wait needs $12,900 of cash, and $9,000 saved leaves $3,900 to find.
Read the definition
Own-occupation cover pays if you cannot do your job; any-occupation cover pays only if you cannot do any job. Social Security Disability Insurance has a five-month waiting period and a strict test; the SSA explains how it works.
