Retirement Outlook Estimator
By Transamerica Retirement Solutions Corporation
Open iTunes to buy and download apps.
How close are you to meeting your retirement income goals? Use our free tool to estimate your retirement income and what you may need to do to "Brighten Your Retirement Outlook"
What's New in Version 1.1
Updated Legal Disclosure and Privacy Statement
General UI fixes
Overly simplistic, not worth the data expenditure
This app doesn't explain any of the assumptions that are taken into account in their model. While other models put someone currently 30 with 50k in retirement savings and deferring 15% of $60k in income in decent shape to retire at 65 with an 80% replacement ratio (with full explanation of inflation and growth assumptions), this model simply says the same person will have inadequate savings.
Too simple and too many assumptions
This app is too simple and has too many assumptions such as a max of 30% savings. 'Aggressive' earnings is hard coded to 6%, although the national average is 7 (7.7%). No spouse or social security. There are much better calculators online.
To simplistic to be useful
This app is useless if you are married, have different types of accounts, have a defined benefit plan, will receive Social Security, or have anything other than a single, simple 401k.
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- Category: Finance
- Updated: Jul 03, 2013
- Version: 1.1
- Size: 12.9 MB
- Language: English
- Seller: Transamerica Retirement Solutions Corporation
- © Transamerica Retirement Solutions Corporation
Compatibility: Requires iOS 4.3 or later. Compatible with iPhone, iPad, and iPod touch.