In one of the recent reviews, respectable financial
source CNN Money Magazine selected QuickAdvice Tool as the top
choice among multiple reviewed free online retirement calculators. It comes
from the 401(k) advisory firm Guided Choice, co-founded by Nobel laureate Harry
Markowitz.
The QuickAdvice tool utilizes the same heavy-duty professional
software, which is applied for the evaluation of more than 1.5 million 401(k)
participants on the commercial platform, but its online free version is adapted
for maximized simplicity and user-friendliness.
What's best: Instead of a single projection, you'll get
estimates of your after-tax monthly income if the markets are hot, cold, or
lukewarm in the coming years.
You simply fill the required information and navigate
through 4 pages, and after you are done, you will get GuidedChoice QuickAdvice
Results on the last page. You may always go back to change your inputs to see
how that impact on the received outcomes. Our engine does take into account
projected inflation, but then it converts the final monthly income figure into
the equivalent of today's dollars for easier comparison.
Screenshots
The service is free and no registration is needed.
