By EMPLOYEE BENEFIT RESEARCH INSTITUTE
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Ballpark E$timate® is an easy-to-use mobile application that quickly approximates how much you need to save to live a comfortable retirement. Designed by the American Savings Education Council, a program of the Employee Benefit Research Institute (EBRI), the Ballpark E$timate® makes it easy to factor in complicated issues such as Social Security benefits, inflation, and earnings assumptions.
The Ballpark E$timate® presents calculated results in an easy-to-understand format.
Founded in 1978, EBRI is a private nonprofit research institute that focuses on health, savings, and economic security issues. Its mission is to contribute to and enhance the development of sound employee benefit programs and public policy through objective research and education. Read more about EBRI and our programs at www.ebri.org.
What's New in Version 1.1
Updated the summary screen to show more information about what you need to do to meet your retirement goals.
Excellent estimator for young and middle aged
This was very helpful to me in working with my nieces and nephews who range in age from 25 to 45. At 65 it does not help me, and it says it is intended for those more than 10 years from retirement, so full disclosure. The ability to turn on and off the Social Security benefit opened eyes on how much that program provides and why their grandparents could not live without Social Security.
Worthless for younger workers
I don't usually post app reviews, but this app is worthless if you are not at retirement age. It's calculations don't take into account that you will make any income between now and your retirement age. Needs major work before it will be useful.
Doesn't tell me anything
Would help they didn't assume we understood financial-speak. Was no help whatever. Delete.