Financial calculator

[LBrowning]

I am weighing various options of when to start SS while considering 401K withdrawals and pensions. Does anyone know of a good calculator that would let me run various scenarios? Thanks.

 

[stepford]

The usual ones people seem to like around here are FIRECalc (locally on this site), the Optimal Retirement Planner at i-orp.org and Fidelity's Retirement Income Planner. They all have different features, but I think any of them should let you see the effects of delaying SS and other withdrawals.

 

[mountainsoft]

My favorite calculator is the Flexible Retirement Planner The Flexible Retirement Planner | A financial planning tool powered by Monte Carlo Simulation

But I also like FireCalc for a second opinion.

 

[eastnortheast]

I realize that you mentioned SS while considering 401K and pensions, but for a good look at strictly SS, SSAnalyze does a pretty good job of that.

SSAnalyze - Bedrock Capital Management

 

[LBrowning]

Thanks to all. i-orp was the one I was trying to remember. I ran it before I retired last year and I wanted to run it again to check my numbers. I will look at the others, also.

 

[tmm99]

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[sengsational]

Thanks to all. i-orp was the one I was trying to remember. I ran it before I retired last year and I wanted to run it again to check my numbers. I will look at the others, also.

Since you used it last year, the default interface was changed to reduce complexity. The traditional (full) interface still exists, though, just click "long form".

 

[SAtoUS]

I like this one too, it's extremely basic, but often times, that's all I need

How Long Will Your Savings Last?

https://ffcalcs.com/how_long

 

[pb4uski]

If you are going to go that simple, then this one is good too.

https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

 

[SAtoUS]

If you are going to go that simple, then this one is good too.

https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

Ya, like that one too myself!

 

[FANOFJESUS]

I like this one too, it's extremely basic, but often times, that's all I need

How Long Will Your Savings Last?

https://ffcalcs.com/how_long

I like that one. Even the 5% Annual Rate of Return looks good for the stock market we are in.

 

[jkern]

I realize that you mentioned SS while considering 401K and pensions, but for a good look at strictly SS, SSAnalyze does a pretty good job of that.

SSAnalyze - Bedrock Capital Management

Does the tool take into account the ROI for Retirement money not spent if SS is taken early?

 

[pb4uski]

Does the tool take into account the ROI for Retirement money not spent if SS is taken early?

Yes, but you would know that if you had spent 2 minutes to open the link.