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Stay At Home Calculator: Can You Afford to be a SAHM or SAHD?

Calculator Preferences
Stay At Home Calculator Sign
Stay At Home Calculator

Can your household get by on one income?

This calculator will add up all of the expenses and taxes that you are paying just to keep your job, and then calculate the net effects of eliminating those expenses and taxes by quitting work to become a stay at home parent. The calculated results include a Printer Friendly Report button so you can print out your entries and results for later reference.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Individual Entries
Gross annual income:

Gross annual income:

Enter the gross annual incomes of you and your spouse in their respective fields, without dollar signs and commas.

Annual deductible contributions:

Annual deductible contributions:

Enter the annual contributions you each make to qualified retirement plans (IRA, 401K, etc.). Do not include contributions made by your employers (there is a separate line for those).

Other deductible contributions:

Other deductible contributions:

Enter the other deductible contributions you each make (Health Savings Account, Flexible Spending Account, etc.).

Annual 401K employer match:Annual 401K employer matching funds:Annual 401K employer matching funds:Annual 401K employer matching funds:

Annual 401K employer matching funds:

Enter the annual amount your respective employers match each of your qualified contributions to a qualified retirement plan.

Mutual Entries
Allowances:# w/h allowances:# of withholding allowances:Number of withholding allowances:

Number of withholding allowances:

The number of withholding allowances is typically the same as the number in your household, but can be adjusted for tax purposes.

Child credit:Child tax credit:Annual childcare tax credit:Annual childcare tax credit (IRS Form 2441):

Annual childcare tax credit (IRS Form 2441):

The annual childcare tax credit you would lose if you no longer paid for daycare. Last time I checked, this amount was listed on line #12 of Form 2441.

Statetax:tax rate:income tax rate:income tax percentage rate:

State income tax percentage rate:

Enter your state income tax percentage. If unsure about your state tax rate percentage, click the state link for a general guide. Of course it's always best to find out your exact rate from a qualified tax advisor.

Your Job-Related Entries
Ann quit exp:Annual quit exp:Annual expenses if you quit:Annual out-of-pocket expenses if you quit working:

Annual out-of-pocket expenses if you quit working:

Enter the annual total of any benefit payments you will have to start making if you quit working (health insurance, dental plans, out of pocket medical expenses, etc.).

Wdays/wk:Workdays/week:Number of workdays per week:Number of days you work per week:

Number of days you work per week:

Enter the average number of days you work each week.

Work hrs/d:Work hrs/day:Work hours per workday:Number of hours you work per work day:

Number of hours you work per work day:

Enter the average number of hours you work each work day.

Annual Stay At Home Savings

Annual Stay At Home Savings

For each of the following rows, enter the annual amount you expect to save if you quit your job to become a stay-at-home Mom or Dad. Each row's popup tooltip ("i" icon) includes a mini calc for converting non-annual amounts into annual amounts.

Car:Car:Car savings:Car savings:
Miles/day:
Or save amt:
Frequency:
Annual:

Car savings:

Enter the annual cost to drive your own car to and from work. Or, if you want the calculator to figure your annual mileage cost, expand the description and enter the work-related miles you drive each work day (be sure to include any miles driven to and from lunch). The calculator will calculate your monthly cost at 55-cents per mile (IRS deductible mileage expense) at 52 weeks per year. Finally, if quitting work will allow you to sell the car, then instead of entering the miles per workday, simply enter the savings per period (car payment, insurance, gasoline, etc.) and select the corresponding period. Be sure you leave the unwanted calculation field blank in the expanded calculator.

Clothing:Clothing:Clothing savings:Clothing savings:
Save amt:
Frequency:
Annual:

Clothing savings:

Enter the annual clothing cost you will save if you quit work. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Daycare:Daycare:Daycare savings:Daycare savings:
Save amt:
Frequency:
Annual:

Daycare savings:

Enter the annual daycare savings you would realize if you stayed at home. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Dine out:Dining out:Dining out savings:Dining out savings:
Save amt:
Frequency:
Annual:

Dining out savings:

Enter the annual dining out cost you will save if you quit work. Be sure to include the cost of work-related snacks and beverages, as well as family dining-out meals that are caused by the time constraints of working outside the home. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Dry clean:Dry cleaning:Dry cleaning savings:Dry cleaning savings:
Save amt:
Frequency:
Annual:

Dry cleaning savings:

Enter the annual dry cleaning cost you will save if you quit work. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Fares:Fares, tolls, fees:Fares, tolls, fees savings:Fares, tolls, fees savings:
Save amt:
Frequency:
Annual:

Fares, tolls, fees savings:

Enter the annual cost of fares (air, bus, taxi, etc.), tolls, and parking fees you will save if you quit work. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Image:Grooming/image:Grooming and image savings:Grooming and image savings:
Save amt:
Frequency:
Annual:

Grooming and image savings:

Enter the annual grooming cost you will save if you quit work. This would include things like hair styling and beauty products. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Mistakes:Poor decisions:Poor decisions savings:Poor decisions savings:
Save amt:
Frequency:
Annual:

Poor decision savings:

Enter the estimated annual cost of making poor buying decisions due to lack of time for adequate price, product, and service research. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Prof serv:Prof services:Professional services savings:Professional services savings:
Save amt:
Frequency:
Annual:

Professional services savings:

Enter the annual cost of professional services that could be eliminated. This would include services such as housekeepers, painters, lawn services, and the like. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Stress:Stress relief:Stress relief savings:Stress relief savings:
Save amt:
Frequency:
Annual:

Stress relief savings:

Enter the annual stress-relieving expenditures that could be eliminated. This would include costs such as massages, spa treatments, chiropractor, medications, and the like. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Tools:Tools of trade:Tools of trade savings:Tools of trade savings:
Save amt:
Frequency:
Annual:

Tools of trade savings:

Enter the annual cost of buying and maintaining the tools of your trade that could be eliminated. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Other:Other:Other savings:Other savings:
Save amt:
Frequency:
Annual:

Other savings:

Enter the annual cost of any other unreimbursed, work-related expenditures you can think of. Expand the description in this row to convert a non-annual expense amount into an annual amount that will be entered into the form for you.

Tot savings:Total savings:Total estimated annual savings:Total estimated annual savings:

Total estimated annual savings:

This your estimated total annual savings from quitting work to stay at home.

Calculated Results
Tap the text for a description of each row result.
Taxable IncomeBothSpouse Only
Gross annual income:Gross annual income:Gross annual income:Gross annual income:Gross annual income

Gross annual income:

The Both column is your combined gross income.

The Spouse Only column would be your household income if you quit work to stay at home.

Less ded contribute:Less ded contributions:Less deductible contributions:Less deductible contributions:Less deductible contributions:

Less deductible contributions:

The Both column is your combined deductible contributions.

The Spouse Only column would be your deductible contributions if you quit work to stay at home. These figures are only used to figure your taxable income in both cases.

Less dependent ded:Less dependent ded:Less dependent deduction:Less dependent deduction:Less dependent deduction:

Less dependent deduction:

Both columns show the same deduction for dependents

Ann taxable income:Annual taxable income:Annual taxable income:Annual taxable income:Annual taxable income:

Annual taxable income:

The Both column is your combined taxable income.

The Spouse Only column would be your taxable income if you quit work to stay at home. These figures are only used to figure your federal and state income taxes in both cases.

Estimated Income TaxesBothSpouse Only
Federal income tax:Federal income tax:Federal income tax:Federal income tax:Federal income tax:

Federal income tax:

The Both column is your combined estimated federal income tax, minus any child care credit you entered in the Mutual section of the calculator.

The Spouse Only column would be your federal income tax if you quit work to stay at home -- in which case you would likely not qualify for the child care credit. These figures are deducted from gross income for the purpose of arriving at your net income.

FICA SS tax:FICA Social Security tax:FICA Social Security tax:FICA Social Security tax:FICA Social Security tax:

FICA Social Security tax:

The Both column is your combined Social Security tax

The Spouse Only column would be your Medicare tax if you quit work to stay at home. These figures are deducted from gross income for the purpose of arriving at your net income.

FICA Medicare tax:FICA Medicare tax:FICA Medicare tax:FICA Medicare tax:FICA Medicare tax:

FICA Medicare tax:

The Both column is your combined Medicare tax

The Spouse Only column would be your Medicare tax if you quit work to stay at home -- in which case you would likely receive a lower Social Security retirement benefit. These figures are deducted from gross income for the purpose of arriving at your net income.

State income tax:State income tax:State income tax:State income tax:State income tax:

State income tax:

The Both column is your combined State income tax (federal taxable income X entered state tax rate).

The Spouse Only column would be your State income tax if you quit work to stay at home. These figures are deducted from gross income for the purpose of arriving at your net income.

Total taxes:Total taxes:Total taxes:Total taxes:Total taxes:

Total taxes:

The Both column is your combined total tax liability.

The Spouse Only column would be your total tax liability if you quit work to stay at home. These figures are deducted from gross income for the purpose of arriving at your net income.

Comparative AnalysisBothSpouse Only
Net income:Net income:Net income:Net income:Net income:

Net income:

The Both column is your combined net income, which includes any 401K employer matching contributions from both employers.

The Spouse Only column would be your net income if you quit work to stay at home, which only includes employer matching contributions from your spouse's employer.

NOTE: The calculator does not attempt to calculate the lost earnings from retirement accounts, so you need to take that into consideration as well.

Plus SAH savings:Plus SAH savings:Plus stay-at-home savings:Plus stay-at-home savings:Plus stay-at-home savings:

Plus stay-at-home savings:

The Both column is not applicable.

The Spouse Only column would be your estimated annual, work-related expense savings if you quit work to stay at home, which is added to your spouse's net income for comparison purposes.

Less SAH expenses:Less SAH expenses:Less stay-at-home expenses:Less stay-at-home expenses:Less stay-at-home expenses:

Less stay-at-home expenses:

The Both column is not applicable.

The Spouse Only column would be your estimated increase in out of pocket expenses if you quit work to stay at home, which is deducted from your spouse's net income for comparison purposes.

Net effect:Net effect:Net effect:Net effect:Net effect:

Net effect:

The Both column is the same as your combined net income from the line above.

The Spouse Only column would be your effective net income if you quit work to stay at home.

Net quit loss/gain:Net quit loss/gain:Net loss/gain from quitting work:Net loss/gain from quitting work:Net loss/gain from quitting work:

Net loss/gain from quitting work:

The Both column is not applicable.

The Spouse Only column indicates how much the household would lose (-) or gain if you quit work to stay at home.

Your eff hourly rate:Your effective hourly pay:Your effective hourly pay rate:Your effective hourly pay rate:Your effective hourly pay rate:

Your effective hourly pay rate:

The Both column is not applicable.

The Spouse Only column is how much you are actually financially contributing to the household per hour of work.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

About

About the Stay At Home Calculator

This calculator will help two-income households to determine the financial effects of transitioning to a one-income household.

When both parents work outside of the home it often adds the need for a second vehicle, daycare services, and a host of other expenses that wouldn't be necessary if only one parent worked outside of the home.

The calculator on this page will alert you to, and add up, all of the expenses and taxes that you are paying just to maintain your household's second income.

Next the calculator will calculate the net effects of eliminating those expenses and taxes if one parent quits their work to become a stay at home parent, and then displays the results in a side-by-side comparison chart.

Finally, the calculator results also include a Printer Friendly Report button so you can print out all entries and results for later study.

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Instructions

How to use the Stay At Home Calculator

Step #1:

Complete the individual entries section, which includes separate entries you and your spouse/life-partner.

Step #2:

Complete the mutual entries section.

Step #3:

Complete your job related entries.

Step #4:

Complete each Stay-At-Home savings that would apply to your situation if you were to quit work to become a SAHM or SAHD. Note that clicking on an info icon (i) in this section will open a mini calculator for converting non-annual amounts into annual amounts.

Step #5:

Click the "Calculate SAH Comparison" button. This will populate the Calculated Results chart, display a bar graph comparing effects of quitting work with not quitting work, and display a "Printer Friendly Report" button for creating a report you can print out for later reference.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

Sorry! The Save functions are bonus features reserved for those who allow ads to display on the page.

If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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