You must be correct; I just plugged in all the numbers last night to take a look but it must be more for people who are in the accumulation phase. It gives me things to tweek (as far as fund allocations and how much to save each year) etc, but it sounds like for someone who is already retired, it may not give you anything useful.
You said you found this tool to be for people lacking in financial skills. Would you consider Firecalc to be for people lacking in financial skills? I know I definitely lack investing skills, so this is kind of interesting because the tool is more detailed and comprehensive for any free tool (with 100K invested) I've seen (and certainly entertaining to me.) I have to look at the "investigate" part of the Firecalc. I don't think this vanguard tool gives you some of the stuff Firecalc gives, but I haven't looked through it much yet, so I don't know.
I swear I saw the choice under just Retirement, but I don't see it now.
Go to "Insight", then go to "Saving for Retirement". Then on the same page on the right side under "Also of Interest" - Click on "Retirement Planning Tools". The last choice on the Retirement Planning Tools screen is the one, "Give your portfolio an online checkup."
Or just go to
and pick the last choice, which is "Give your portfolion an online checkup."