There are lots of free retirement calculators available on the web. These can be interesting but when you are planning for your retirement they are of limited use. They often give ballpark figures and point you to their company’s financial advisers.
Retirement planning software gives you the ability to make a more comprehensive plan. The WealthTrace retirement planner is a fully hosted, online retirement planning solution built for both financial advisers and individuals who want to create their own financial plan. Their calculator will tell you, based on your assumptions, when money will run out in retirement, what the shortfall will be, and what you can do to change the situation. All of this is done accurately, intuitively, and comprehensively. The software is available in different versions for financial advisers and individuals. This retirement planning application takes into account multiple investment types, changing tax laws, and any rules regarding social security and required minimum distributions. Also, because the software is hosted online, changes to laws and rules that may affect your retirement plan can be updated immediately.
This retirement planning software is not free but they do offer a free trial so you can try the product out before you are committed to purchasing. There is a lot more information about the retirement planning software available on the Wealthtrace site.