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RetireePlan 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.

RetireePlan

Free plan APILinuxMac+3

RetireePlan provides detailed Canadian retirement projections, tax modeling, and scenario comparisons at no cost. Its maker cautions that it is a modeling tool, not financial advice, and its tax calculations are illustrative.

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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.

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The facts

RetireePlanT. Rowe Price Retirement Income Calculator
Free planYesYes
Open sourceNot publishedNot published
Runs onAPI, Linux, Mac, Self-hosted, Web, WindowsWeb
Lowest paid planFree or on requestNot published
Plans published1None
MakerNot publishedNot published
Websitejoeregnier.github.iotroweprice.com
On retirement planning software#6 of 26#19 of 26

RetireePlan: what it does well

  • Projects income, expenses, withdrawals, and taxes year by year.
  • Runs 1,000-trial Monte Carlo simulations.
  • Includes Canadian tax features such as CPP/QPP and OAS/GIS.
  • Compares named scenarios and exports PDF and CSV reports.
  • Free and open source under the MIT License.

What to know first

  • Tax calculations are illustrative.
  • The maker says it is not financial advice.
  • Built for Canadians.

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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