Includes calculators for retirement income, investment strategies, Social Security analysis, and tax implications, aimed at simplifying the retirement planning process.
More about Retirement Planning Software
Specialized software for modeling retirement scenarios, calculating required savings rates, projecting retirement income needs, and analyzing Social Security optimization strategies.
More Retirement Planning Systems
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Comprehensive Profile Storage Ability to capture and store detailed personal, family, and demographic data for each client. |
Most retirement planning software provides data storage and allows input of comprehensive client information; supported by tools for scenario modeling. | |
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Document Management Upload and link client documents for reference and compliance (e.g., tax returns, Social Security statements). |
The ability to upload/link documents is standard in modern retirement planning systems for compliance and client reference. | |
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Customizable Data Fields Option to configure and add new fields as needed by the advisor. |
Customizable or user-defined data fields are a common configuration option in advisory solutions. | |
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Data Import Capabilities Support for bulk or API-driven import of client data from CRMs or custodians. |
Bulk import/API connections to CRMs/custodians are now industry standard for client data ingestion. | |
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Multi-Client/Household Support Ability to manage planning for couples or extended households. |
Multi-client/household planning and modeling functionality is core to most retirement planning software. | |
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Access Controls Granular user permission management for client confidentiality. |
Granular user permission and data-access controls are expected in professional-grade financial software for compliance. | |
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Audit Trails Track and log changes to client data for compliance. |
Audit trails are typical for compliance and are usually automatically created within advisory platforms. | |
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Data Encryption Secure encryption for data at rest and in transit. |
Data encryption for both data-at-rest and in-transit is a basic industry security requirement. | |
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Data Backup Frequency How often the client data is backed up. |
No information available | |
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Multi-Device Accessibility Access client data from web, tablet, or mobile devices. |
Multi-device access (web, tablet, mobile) is widely supported to enable advisors/clients to review plans from anywhere. |
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Goal-Based Planning Set and track retirement lifestyle goals. |
Goal-based (lifestyle-targeted) planning is a core pillar of retirement planning platforms. | |
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Monte Carlo Analysis Probability-based simulations for potential retirement outcomes. |
Monte Carlo or other probabilistic simulations are core to modern planning, especially for modeling retirement outcomes. | |
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Multiple Scenario Comparison Contrast different saving, spending, and retirement age combinations. |
Scenario comparison is highlighted in marketing (e.g., various income, investment, or retirement age situations). | |
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Sensitivity Analysis Test plan sensitivity to variables such as inflation or market returns. |
Testing plan sensitivity (by toggling inflation, returns, etc.)—an explicit calculator function per the product notes. | |
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What-If Calculators Interactive tools for instant scenario changes (e.g., early retirement). |
What-if/instant scenario tools are industry standard and mentioned in the product. | |
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Retirement Age Flexibility Ability to set and model single or phased retirement ages. |
Setting/modeling flexible retirement ages is typical; also reflected in calculators included. | |
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Deferred and Partial Retirement Support Model phased retirements, encore careers, and bridge jobs. |
Software supports modeling phased retirements or bridge jobs as part of common advisory scenarios. | |
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Tax Rate Assumption Flexibility Customizable current and future tax rates assumptions. |
Customizable tax rate assumptions are typical (an essential for any tax modeling component). | |
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Outcome Probability Reporting Reporting on the probability of plan success based on simulation. |
Outcome probability reporting (e.g., plan success rates) is a leading selling point of these platforms. | |
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Scenario Save and Archive Save and revisit previous scenario analyses. |
Scenario/model save and revisit/archiving is available in all reputable planning systems. |
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Savings Gap Analysis Calculate shortfall between projected assets and retirement income needs. |
Savings gap calculations are a fundamental output of retirement planning calculators. | |
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Optimal Savings Rate Calculator Automatically compute required savings rates to hit client goals. |
Optimal savings rates to meet goals are calculated by default in planning workflows. | |
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Contribution Scheduling Model custom schedules for 401(k), IRA, HSA, or other retirement account contributions. |
Contribution scheduling for various retirement accounts is cited as a feature on nearly all platforms. | |
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Employer Match Modeling Calculate matching contributions and impacts on plan health. |
Modeling employer matching (401k or other) is fundamental for retirement income trajectory analysis. | |
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Catch-Up Contributions Handling Support for modeling age-based increased contribution limits. |
Catch-up contribution handling for older clients is standard given legal requirements. | |
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Multi-Account Projections Project outcomes using multiple account types and sources. |
Projection across multiple account types/sources is part of the 'comprehensive' approach noted. | |
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Automatic Inflation Adjustments Apply inflation assumptions to future savings estimates. |
Software applies inflation assumptions to savings models. | |
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Custom Retirement Accounts Add and configure non-standard or custom account types. |
Custom/non-standard accounts can generally be created and modeled in modern systems. | |
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External Account Integration Ingest current balances and transactions from custodians or aggregators. |
Integration with external accounts/custodians/aggregators is listed as a common feature for up-to-date balance tracking. | |
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Contribution Limit Warnings Automatic alerts if projected contributions exceed legal annual limits. |
Contribution limit warnings are part of automatic compliance/calculation flags. |
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Income Source Modeling Project income from pensions, annuities, Social Security, rental income, and other sources. |
Modeling of various retirement income sources is stated as a central function. | |
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Withdrawal Strategy Simulation Model various withdrawal strategies (e.g., 4% rule, bucket, dynamic withdrawals). |
Varied withdrawal strategy modeling is a standard component (4% rule, dynamic, etc.). | |
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Required Minimum Distribution (RMD) Calculation Automate RMD forecasts for tax-deferred accounts. |
Automatic RMD calculation is always present for IRAs and similar account modeling. | |
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Tax-Efficient Drawdown Sequencing Model optimal order of account drawdowns to minimize taxes. |
Optimal withdrawal ordering for tax efficiency (taxable vs tax-advantaged) is routine for this software category. | |
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Longevity Modeling Account for client-specific longevity projections and risks. |
Longevity projections (accounting for client-specific data) are standard in retirement risk modeling. | |
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Expense Tracking and Projections Forecast and categorize retirement living expenses. |
Expense tracking/forecasting tools are built into retirement software as core client discovery and projection method. | |
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Spending Shock Events Model possible one-time expenses (e.g., healthcare events, home purchase). |
Spending shock event modeling (such as sudden healthcare expenses) is part of advanced scenario simulation. | |
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Income Gap Analysis Identify and quantify the gap between guaranteed and required income. |
Income gap analysis—quantifying gap between guarantees and needs—fundamental output in retirement software reports. | |
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Multi-Year Cash Flow Reporting Report cash flows year-by-year over the retirement period. |
Multi-year (year-by-year) cash flow projection is a core deliverable in planning software. | |
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Custom Inflation Assumptions Allow separate inflation rates for different expense categories. |
Custom inflation by expense type is typical for advanced modeling; many calculators feature this. |
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Benefit Projection Integrate actual or estimated Social Security earnings and estimate benefit by claim age. |
Social Security benefit projection is directly cited as a core feature. | |
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Filing Strategies Support analysis of claiming strategies (early, FRA, delayed, spousal, survivor). |
Filing strategies for Social Security (early/delayed, spousal, survivor) are a specific software function as per product notes. | |
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Taxation of Benefits Account for federal and state taxation of Social Security income. |
Accounting for federal/state taxation of Social Security is included as it affects tax calculation output. | |
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Break-Even Analysis Calculate break-even ages for filing at different times. |
Break-even analysis tools for various Social Security claiming ages are a major product selling point. | |
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Restricted Application Modeling Analyze effect of restricted application for eligible clients. |
Restricted application modeling (for eligible clients) is included in most advanced SS calculation packages. | |
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Earnings Test Simulation Model impacts of working and income on benefits before FRA. |
Earnings test modeling (for income before FRA) is a standard SS tool in these systems. | |
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Survivor & Divorcee Benefits Handle special cases for survivors and ex-spouses. |
Inclusion of survivor/divorcee benefit options is marketed for comprehensive analysis. | |
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Integration with Retirement Cash Flows Automatically include Social Security benefits in overall income plan. |
SS integration with total retirement cashflow is standard practice in all credible software, as indicated. | |
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Annual Statement Import Import official Social Security statement data (e.g., .xml or PDF parsing). |
Import of official SS statements (.xml/PDF parsing) is often included for efficiency and recordkeeping. | |
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Benefit Start Age Flexibility Allow input of custom benefit start ages for client & spouse. |
Custom benefit start age modeling for clients/spouses is noted as a configuration/calculator option. |
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Tax Bracket Visualization Show projected tax brackets per year in retirement. |
Tax bracket visualization over time is common in tax/retirement integration modules. | |
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Marginal Effective Tax Rate Calculation Display impact of withdrawals or conversions on total tax liability. |
Marginal tax rate effect from withdrawals/conversions is a fundamental part of tax calculators. | |
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Roth Conversion Analysis Simulate Roth conversions and quantify long-term effects. |
Roth conversion impact and simulation—a specifically listed software feature. | |
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Capital Gains Realization Modeling Include planning for taxable investments and capital gains events. |
Tax planning for capital gains is a basic function of integrated retirement/tax systems. | |
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State-Specific Tax Rules Customize tax projections to client’s state of residence. |
State-specific tax customization is needed for tax projections and included in tax analysis. | |
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Medicare IRMAA Simulation Estimate Medicare premium surcharges due to income spikes. |
Medicare IRMAA estimation is typically coupled with other tax projection tools. | |
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Deductions and Credits Support for common deductions/credits affecting retirees (age 65+, medical deduction, etc.). |
Common deductions/credits (age-based, medical) are built into advisor tax estimators. | |
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Estate and Inheritance Tax Calculation Model potential estate/inheritance taxes and gifting strategies. |
Estate/inheritance tax calculation and scenario modeling is standard in high-end retirement planning suites. | |
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Year-End Tax Summaries Generate annual tax summary reports for clients. |
Generating annual tax summaries is a common reporting feature. | |
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Tax Law Update Frequency How often the system updates modeling for new tax laws. |
No information available |
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API Access Available developer APIs for programmatic data import/export. |
API connectivity is increasingly provided for data import/export. | |
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Account Aggregation Support Automatic syncing of external bank, investment, and retirement accounts. |
Bank/investment account aggregation is integral for up-to-date asset modeling. | |
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Custodian/CRM Integration Integrate with major custodians and CRM platforms. |
CRM and custody integrations are highlighted for advisor workflow convenience. | |
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Real-Time Data Feeds Support for live prices and position updates. |
Live data feed support for prices/positions is increasingly part of platform differentiators. | |
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File Import/Export Options Support for CSV, Excel, Open Financial Exchange (OFX), and PDF files. |
Import/export of files in industry standard formats is universal. | |
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Two-Factor Authentication Support Secure login and integrations to protect data flows. |
Two-factor authentication is a standard for secure login in financial SaaS applications. | |
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Single Sign-On (SSO) Seamless login across platforms with corporate SSO. |
No information available | |
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Integration with Planning Tools Connect to proposal, risk profiling, or document signing tools. |
Integration with planning/complementary tools (e-signature, proposal/risk) is a common platform feature. | |
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Update/Sync Frequency How often external data updates (e.g., balances, transactions). |
No information available | |
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Open Banking Standards Compliance Adherence to Open Banking API/data standards for interoperability. |
No information available |
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Custom Report Builder Create branded, advisor-specific report templates. |
Custom, branded report templates are a key advisor-centric selling point. | |
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Scenario Comparisons Visualize and explain different retirement strategies side by side. |
Scenario comparisons, as described, are visualized in advisor-client presentations. | |
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Export Formats Export reports in PDF, web, and Excel formats. |
Exporting reports in PDF/web/Excel formats is market standard. | |
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White-Labeling Offer branding options for advisory firms. |
White-labeling is a value proposition for advisory firms to offer branded deliverables. | |
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Presentation Mode Advisor-friendly client presentation and guided walkthrough tools. |
Advisor-friendly client presentation modes are typical in these solutions. | |
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Client Portal Access Enable clients to securely review reports and scenarios on demand. |
Secure online client portals for reviewing reports/scenarios are cited in the majority of offerings. | |
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Interactive Dashboards Live dashboards for ongoing engagement and feedback. |
Interactive dashboards are built in for ongoing engagement and plan upkeep. | |
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Language Localization Reports and interface available in multiple languages. |
No information available | |
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Accessibility Compliance Reports meet standards for ADA and screen-reader usability. |
No information available | |
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Automated Distribution Scheduling Auto-send reports to clients or advisors at set intervals. |
No information available |
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Step-by-Step Guided Workflows Templates and wizards for guiding advisors through plan creation. |
Step-by-step plan creation through guided workflows is a standard UI/UX pattern. | |
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In-App Help and Tutorials Context-sensitive help, guides, and support documentation. |
In-app support and tutorials are typically present in SaaS financial planning platforms. | |
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Bulk Plan Creation/Update Ability to update assumptions/scenarios for multiple clients at once. |
Bulk plan update features (e.g., for firm-wide assumption adjustments) are generally offered to multi-client advisory teams. | |
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Customizable Defaults Set firm- or advisor-specific default planning assumptions. |
Customizable default settings are common for streamlining repetitive advisor work. | |
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Keyboard Accessibility Efficient navigation and data entry for power users. |
No information available | |
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Work Queue/Dashboard Prioritize and assign tasks for client management. |
Task/work management dashboard is a typical component of client-centric planning platforms. | |
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Advisor Collaboration Features Support for team notes, comments, and shared client planning. |
Advisor collaboration (e.g., sharing notes across a team) is commonly provided for firm use. | |
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Mobile App Availability Native or responsive mobile app for planning on the go. |
Mobile-compatible and/or native app versions are almost universal in current-generation retirement planning solutions. | |
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Performance Speed Average time to run/report a complex scenario. |
No information available | |
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Customizable Task Alerts Notifications and reminders for plan reviews, contribution deadlines, or RMDs. |
Notifications for planning deadlines and RMDs are included for compliance and client care. |
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FINRA/SEC Compliance Tools Configurable disclosures, audit trails, and documentation built for U.S. regulation. |
No information available | |
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GDPR/Global Data Compliance Adapts to international data privacy regulations. |
Global data privacy compliance (e.g., GDPR) is a critical feature in SaaS for international users. | |
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Multi-Factor Authentication (MFA) Requires MFA for access by advisors and clients. |
Multi-factor authentication (MFA) is necessary for sensitive data access and is ubiquitous in financial SaaS. | |
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Penetration Testing Frequency Frequency of system security audits and penetration testing. |
No information available | |
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User Role and Permission Granularity Define fine-grained roles for access to sensitive data. |
User role/permission granularity is included for compliance and internal controls. | |
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Data Encryption Level Encryption standard used for all client data. |
Encryption for all client data is standard security practice. | |
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Audit Logging Comprehensive logging of all user actions for oversight. |
Comprehensive audit logging supports compliance and oversight. | |
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Automated Compliance Alerts Receive alerts for out-of-policy actions or missing documents. |
No information available | |
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Consent Management Track client and user consent for required data uses. |
No information available | |
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Secure Document Delivery Send retirement reports and data via encrypted channels only. |
Encrypted document delivery for client reports is standard security procedure. |
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Live Support Availability Access to phone, chat, or email support during business hours. |
Live support via phone, chat, or email is almost always provided during business hours. | |
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24/7 Emergency Support Round-the-clock support for critical issues. |
No information available | |
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Implementation/Onboarding Assistance Vendor-provided hands-on help during onboarding. |
Onboarding assistance is referenced or implied in standard SaaS onboarding experiences. | |
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Scheduled Training Sessions Availability of recurring live or recorded product training. |
Live or recorded product training is normal for advisor-oriented technology. | |
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User Community / Forums User-driven discussion groups and advisor knowledge sharing. |
User forums/communities are frequently offered for knowledge sharing and problem solving. | |
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Knowledge Base Depth Breadth of searchable documentation and FAQs. |
No information available | |
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Product Update Frequency How often new features/functionality are released. |
No information available | |
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Bug Fix Response Time Average time to fix critical system bugs. |
No information available | |
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User Feedback Channels Integrated feedback and suggestion collection. |
User feedback/suggestion collection is now standard within SaaS tools. | |
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Service Level Agreement (SLA) Vendor guarantees for uptime and support response. |
No information available |
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