Tools & Retirement Calculators

Budget

Tools to help you determine your FIDough Income Number

Personal Capital – FIDough’s Favorite spending tracker and portfolio analyzer.

The Retirement Manifesto Spending Tracker – A template designed by The Retirement Manifesto to track your spending and forecast retirement expenses.

Tools to help you get to your Catching FIDough Number

Are You Saving Enough To Retire?  An excellent spreadsheet to help you calculate how much to save to catch FIDough by your target date from J.D. Stein at  Money For The Rest Of Us.

Are You Saving Enough to Retire Early Podcast.  J.D. Stein’s companion podcast (espisode 13) from his excellent podcast Money for the Rest of Us (among FIDough’s Favorite Podcasts),

Tools to help with Raising FIDough (aka investing)

Portfolio Visualizer – Portfolio Visualizer provides online portfolio analysis tools for backtesting, Monte Carlo simulation, tactical asset allocation and optimization, and investment analysis tools for exploring factor regressions, correlations and efficient frontiers.

Raising FIDough – FIDough Hub’s resource page for do-it-yourselfers and for those who are looking for more help.

Retirement Calculators

There are many free retirement calculators available, and you should try more than one.  They all have strengths and weaknesses, as detailed by Darrow Kirkpatrick in his excellent work on The Best Retirement Calculators.

Remember too that these tools are attempting to predict the future, which at best can be modeled without precision.  Unsurprisingly, then, these tools have their critics and some of the criticism is warranted.  Nevertheless, they can help greatly with planning  Ideally, you should consult these tools periodically, and adjust accordingly.  Below are several good free retirement calculators.  (Note, some do require registration).

Moneychimp Simple Retirement Calculator – very basic calculator to get you started.

Fidelity Retirement Calculator – robust calculator that uses Monte Carlo simulations.

The Flexible Retirement Planner – many modeling options with a Monte Carlo simulation. Offers a range of “spending policies,” and can model a variety of real-world FI behavior.

The Financial Mentor’s Retirement Calculator  – easy to use calculator with many options. Does not model past performance or use a Monte Carlo simulation, but has other strengths.