Retire with confidence

The Retirement Planner includes two tabs: Basic and Advanced. Users can easily switch back and forth to decide how much information they’d like to add to their projections. The Basic tab allows you to input and adjust 10 key variables that can affect your retirement. The Advanced tab adds 5 more, for a total of 15.

The basic planner includes:

• Your current age

• Current investments

• Annual contributions

• Target retirement age

• Life expectancy (with linked calculator for estimates)

• Annual living expenses in retirement

• Annual retirement income (Social Security, pensions)

• Investment returns

• Pre-retirement tax rate

• Post-retirement tax rate

The advanced planner splits current investments into:

• Already taxed investment balance (Roth IRAs, brokerage accounts)

• Tax-deferred investment balance (traditional IRAs, 401(k)s)

It also splits contributions into:

• Annual taxable contributions to after-tax accounts

• Annual tax-deferred contributions to pre-tax accounts

• Expected annual increase of contributions

It splits investment returns into:

• Pre-retirement investment returns

• Post-retirement investment returns

And it adds:

• Inflation rate (default 3%, fully adjustable)

Yes, the Retirement Planner is designed for scenario testing. You can adjust any variable to see how changes impact your projections, whether that's retiring earlier or later, increasing contributions, adjusting expected returns, or changing your planned retirement expenses. Each adjustment updates your projections, letting you compare different strategies.

The retirement planner includes an adjustable inflation rate (defaulting to 3%) that applies to your projected living expenses throughout retirement. This ensures your purchasing power calculations remain realistic over potentially decades of retirement. You can modify this rate based on your own expectations or historical trends.

The Advanced tab of the planner includes separate rates for pre-retirement and post-retirement returns, reflecting the common strategy of shifting to more conservative investments as you approach and enter retirement. Pre-retirement returns might assume a growth-oriented portfolio, while post-retirement returns typically reflect a more balanced or income-focused allocation. You can adjust both rates in the planner to see how each rate of return affects your plan.

Yes, the annual retirement income field lets you input expected Social Security benefits, pension payments, or any other non-investment income you'll receive in retirement. This income offsets your annual living expenses in the calculations, extending how long your savings will last.

Unlike basic online calculators, Simplifi's Retirement Planner is part of a comprehensive financial management system. It exists alongside real-time tracking of your actual accounts, spending patterns, and investment performance. This context helps you make more informed assumptions and track whether you're actually hitting the contribution targets you've modeled.

No, the Retirement Planner is a projection tool that helps you model different scenarios based on your inputs. It doesn't recommend specific investments, asset allocations, or contribution amounts. Instead, it shows you the mathematical outcomes of the assumptions you provide, empowering you to make informed decisions about your retirement strategy.

Yes, you can set any retirement age you choose, including early retirement scenarios. The planner will calculate whether your savings and investment returns can sustain your expected expenses throughout your retirement, accounting for the longer retirement period.

Quicken Simplifi includes secure sharing features that let you grant access to a trusted partner, financial advisor, or tax professional. The Retirement Planner projections exist within your broader Simplifi account, which means authorized users can view them alongside your complete financial picture.