How Much Life Insurance Do I Need? Calculator

How much life insurance do I need?
Your annual income:
Percent of Income Needed:
Interest Rate:
Inflation Rate:
Number of Years to Replace Income:
Based on the above assumptions, you need approximately $670,520 of life insurance to produce an income of $40,000 for 20 years.
Year Insurance - Income + Interest = Remaining Insurance
1670,520.9140,000.0031,526.05662,046.95
2662,046.9541,200.0031,042.35651,889.30
3651,889.3042,436.0030,472.67639,925.97
4639,925.9743,709.0829,810.84626,027.73
5626,027.7345,020.3529,050.37610,057.75
6610,057.7546,370.9628,184.34591,871.12
7591,871.1247,762.0927,205.45571,314.48
8571,314.4849,194.9526,105.98548,225.51
9548,225.5150,670.8024,877.74522,432.44
10522,432.4452,190.9323,512.08493,753.59
11493,753.5953,756.6621,999.85461,996.78
12461,996.7855,369.3520,331.37426,958.79
13426,958.7957,030.4418,496.42388,424.78
14388,424.7858,741.3516,484.17346,167.60
15346,167.6060,503.5914,283.20299,947.21
16299,947.2162,318.7011,881.43249,509.94
17249,509.9464,188.269,266.08194,587.77
18194,587.7766,113.916,423.69134,897.55
19134,897.5568,097.323,340.0170,140.24
2070,140.2470,140.240.000.00