Retirement Planner will forecast if you have enough money to retire
Retirement Planner will help you to determine if you have enough money to span your retirement.
While the app is not a guarantee that you will have enough money for retirement, it is a great tool to forecast the amount of money you will have available throughout your retirement. It allows you to take an initial starting principal and input variables like assumed return rates and withdrawal rates and uses the current IRS tax tables to forecast your post-tax income each year.
The app allows you to provide desired income to cover your expenses and allows you to select different desired incomes for phases of your retirement: early, mid, and late retirement. The ages for these phases of retirement are customizable so you can more accurately predict your expenses and income during these phases.
The Retirement Planner will tell you if and when you're money will run out, so you can see if you are ready to retire. This app is a great tool to let you know if you are ready to enjoy the retirement phase of your life and finally leave the workplace for good!
