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Moneysmart Retirement Planner vs T. Rowe Price Retirement Income Calculator

Both stand on retirement planning software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Moneysmart Retirement Planner

Free plan Web

Choose Moneysmart Retirement Planner to compare retirement scenarios, estimate income and savings growth, and download the results without paying. Look elsewhere if you need personal financial advice or call-centre support.

Visit Moneysmart Retirement Planner

T. Rowe Price Retirement Income Calculator

Free plan Web

The calculator lets users explore retirement scenarios and see how selected changes affect a projected probability of success. Its estimates are educational and depend on assumptions, with several account and contribution factors omitted.

Visit T. Rowe Price Retirement Income Calculator

The facts

Moneysmart Retirement PlannerT. Rowe Price Retirement Income Calculator
Free planYesYes
Open sourceNot publishedNot published
Runs onWebWeb
Lowest paid planFree or on requestNot published
Plans published1None
MakerNot publishedNot published
Websitemoneysmart.gov.autroweprice.com
On retirement planning software#11 of 26#19 of 26

Moneysmart Retirement Planner: what it does well

  • Free to use on the web.
  • Models career changes and breaks, lifestyle goals, investment choices and regular income.
  • Projects retirement income and savings growth.
  • Can estimate Centrelink entitlement.
  • Lets users download results when finished.

What to know first

  • Available as a web planner rather than a listed app platform.
  • Calculator results are not a substitute for professional advice.
  • There is no call centre for support.

T. Rowe Price Retirement Income Calculator: what it does well

  • Models 1,000 hypothetical market scenarios.
  • Allows adjustments to retirement age, expenses, savings, and income.
  • Supports planning-partner details and anticipated cash income.
  • Includes Social Security estimates unless users indicate ineligibility.

What to know first

  • Results are hypothetical, not guarantees.
  • Does not account for current contribution or distribution limits.
  • Omits inherited assets and Roth accounts.
  • Does not provide personalized investment advice.

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