Truly effective retirement planning requires a lot of different data points and a very sophisticated formula. However, some online tools make it easy to create and maintain a reliable plan — even if you don’t have a doctorate in mathematics or finance.
While there are tons of simple retirement calculators out there, you want to be wary of these tools. Taking quick online quizzes can be fun, but a retirement calculator should be much more complex than a test to see which celebrity would play you in a movie about your life.
The NewRetirement retirement planning calculator has been acclaimed for our detailed model and a nearly comprehensive list of data that can be customized.
However, some of our users have asked for even more precision. We are very excited to announce some powerful recent updates.
Much More Precise Modeling: After creating an account and outlining much of your basic information, you can now update all of your income sources, expenses, account balances, contributions, home values and debt amounts to be exact dollar values (instead of ranges). This results in much more accurate projections.
New Pension Inputs: You can now enter multiple pensions and specify whether or not they are taxable and if there is a survivor benefit or not. This calculator may now be definitively the most thorough tool available for pension holders.
Roth Conversions: Roth conversions can sometimes be a great tax saving strategy. You can now see for yourself if your finances will improve with a conversion or not. The system will model the tax implications at the time of the conversion as well as to future withdrawals from the Roth.
Enhanced Annuity Inputs: Lifetime annuities have gained in popularity as a way to guarantee the retirement income you need. The calculator now has better tax handling and has added the ability to specify survivor benefits for this strategy.
Updated Interface: With all of the additional detail added to an already sophisticated tool, we had to make it easier to use.
And, the best news of all? We aren’t stopping here. Stay tuned for more great functionality coming soon. We promise to help you continually enhance your retirement plans and insure a secure future!
The NewRetirement retirement planning calculator is a comprehensive and detailed tool designed for anyone who is worried about their retirement — especially people nearing the end of their careers or just beginning this stage of life. It is easy to get started, see a personalized assessment and find ways to strengthen your plan.
Best of all, your data is always saved so it is easy to try different scenarios, make adjustments and manage your finances moving forward.
It’s easy to get started. Create an account and enter some initial information about your finances. This enables you to quickly see where you stand and then start making changes and adding detail to see what is possible. Every time you update your data, you’ll get detailed feedback about how your finances change. You will learn through experience with the models. This is proven to be an excellent method for improving your knowledge of personal finance.
Better yet, users really appreciate the tool. Here is a sampling of recent feedback:
Most comprehensive estimator I’ve found in years of searching!
Atlanta, GA – November 20, 2017
Yours is one of the most comprehensive sites I have used and it continues to improve. You provide a wealth of information and provide various inexpensive options to obtain advice. It has been highly recommended by various publications and testimonials.
Warsaw, IN – November 14, 2017
Rarely do you find a site on line that is really free to use , gives great advise through the articles provided , and really seems to want to help you on a path of a good retirement .
Pottstown, PA – October 25, 2017
The details of the information the site asks about and the ease with which one can do “What If” analysis … I have yet to see a tool as comprehensive and useful as yours in retirement financial planning and forecasting! So glad I accidentally stumbled upon it.
Madison, WI – June 24, 2017
Easy to navigate; resources available following each topic; raises guestions I had not considered; like having a “live ” document that I can change, alter & update the most!
Honolulu, HI – June 17, 2017
