However, thanks to its simple, general design, I expect it to remain a viable planning tool for years to come. It is mature software now and development has slowed. The Flexible Retirement Planner remains a finely crafted and well-balanced tool. It was one of the first calculators to offer variable spending policies. It uses Monte Carlo by default, which can also be configured for average return. The Flexible Retirement Planner is missing historical simulations. It also has very attractive and well-organized graphical and tabular output. But flexible financial events and simulation options are found under the hood. It starts with one input screen, where you can quickly generate results. The Flexible Retirement Planner is a near-perfect mix of simplicity and power. Once the software is running, it is generally an easy and reliable tool to use. Its use of Java can sometimes lead to configuration issues. Originally offered only on the web, The Flexible Retirement Planner is now available in download versions for desktop use. That it is offered freely for non-commercial use, runs on the web and major desktop platforms, and comes with excellent documentation, are added bonuses. The Flexible Retirement Planner impresses with its simple, clean, and professional user interface, married to a sophisticated financial model.įor years, when I thought of the ideal interface for powerful financial modeling, I looked to the Flexible Retirement Planner first. I came across a single high-fidelity tool friendly enough that I could recommend it to anyone who wanted to do their own in-depth financial planning. Not long after starting this blog, I began reviewing retirement calculators. So here they are, in the order I discovered them: Flexible Retirement Planner When you’re ready to dive deeper into your own financial picture, perhaps one of these will be perfect for you too. These are the “best of the best” retirement planners when I need to perform detailed financial modeling. ![]() And there are sophisticated personal financial models that will attempt to optimize your retirement withdrawals decades from now.Īfter all the years, all the reviews, and all the number crunching, I find myself returning to a small subset of favorite high-fidelity retirement calculators. There are simple, fast ones that will analyze your retirement savings in a few minutes. And there are spreadsheet-based calculators with dowdy, tabular interfaces perfect for geeks. There are calculators with sexy, dynamic web interfaces. Retirement calculators come in all flavors. It will give you some visibility into the future, but you still have to drive yourself there…. Just remember, a good retirement calculator is a set of binoculars, not an autopilot. Projections from a retirement calculator are the best we’ve got. Nobody, not even a highly compensated financial advisor, can foretell the future. I’ve recently updated my best retirement calculators list - the most comprehensive survey of retirement calculators available.ĭespite their shortcomings, retirement calculators are essential tools in preparing to leave a career. Over time, these posts have become the most popular on the site. Then I started this blog and began reviewing retirement calculators. ![]() I relied on the best retirement planning tools to project my own retirement trajectory, culminating in early retirement at age 50.
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