Personal Capital Investments may very well have the best financial apps in the market. Among those apps is a retirement planner to track the necessary investments necessary for you to reach that set time-period in which you can kick-back and retire.
Retirement planners aren’t necessary a new thing, being around for at least a decade or two now. Personal Capital not only offers this app for free, but the tools provided will also give you possible outcomes and the probability of those outcomes, infused with adjustment and auto-population variables on your financial accounts.
Personal Capital Retirement Planner Summary:
- Sign Up Now
- Availability: Nationwide
- Monthly Fee: $0
- Expiration Date: None
- Hard Inquiry: Unknown
- Additional Requirements: None
- Early Termination Fee: Unknown
Personal Capital Additional Account Features:
- Uses Your Savings and Spending Habits — It automatically pulls in your actual savings and spending habits from within Personal Capital, not just estimated spending/savings habits. Most calculators ask users how much you save into retirement accounts and how much you spend each month.
- Tracks Progress Over Time — The app will track your retirement goals over time. Again because everything is linked up, this happens automatically.
- Accounts for Large Expenses — Quickly add in large financial expenditures along the way, other than just retirement. Most calculators assume your savings are all for retirement and ignore major purchases like college educations or home purchases. Personal Capital’s Retirement Planner allows you to input these events, when you think they’ll occur, and how much they’ll cost. The tool recalculates to see how those expenditures affect retirement goals.
- Large One-Time Savings Allotments — This feature allows for what people in the financial industry call “liquidity events.” Things like a sale of a business, exercising stock options, or getting an inheritance. The Retirement Planner lets users add these inflows to, so you can anticipate when they might occur.
- Monte Carlo Analysis — Runs multiple calculations and the possibility of a good outcome with your finances.
- Covers All of the Possible Variables — The service includes: taxes, inflation, withdrawals, saving increases, Social Security, and spousal retirement.
- iPad Access (New) – You can now do all of this via their iPad app.
Pros:
- No fees attached
- Monte Carlo Analysis
- Accounts for all possible variables
Cons:
- None
Conclusion
There’s no secret about it when I say that Personal Capital gots one of the best retirement planner apps in the market. The app is free, and provides a Monte Carlo Analysis running multiple calculations to better suit the best possibilities of your outcomes with your finances. The app will track your retirement goals over time, recalculates to see how those expenditures affect retirement goals and covers all possible variables including taxes, inflation and so much more! Go ahead and also check out our other Brokerage Deals for all of your banking necessities!
 With the American Express® High Yield Savings Account: • Earn 1.90% APY as of 9/15/22 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
