Articles
Pralana’s Retirement Calculator is far more than what most people might associate with the term “retirement calculator”. It is actually a robust personal financial planning model that is very intuitive and easy to use yet comprehensive, informative, insightful, highly interactive.
- Models your finances in fine detail from your child-raising years, through your pre-retirement, early retirement, and late retirement years, and incorporates survivor benefits
- Always uses the difference between your income and your expenses as the basis for your savings contributions and withdrawals to ensure realistic projections
- Determines your retirement income requirements by analysis (not rules of thumb!)
- Makes it crystal clear how your inputs are integrated and translated into outputs you can use
- Accurately accounts for Federal, State, Social Security and Medicare taxes
- Models buying, owning and selling of up to 10 personal use and 5 investment assets
- Models child-raising and college education expenses, including Qualified Tuition (529) Plans and student loans, and the tapering of these costs as your children leave the nest
- Calculates your safe maximum sustainable annual discretionary expenses (economists might call this consumption smoothing) on request, backed up with Monte Carlo simulation to calculate the confidence level that your money will outlast you. Models borrowing from regular and tax-deferred accounts as part of this calculation when desired.
- Optimizes your Social Security start date on request
- Calculates life insurance needs for you and your spouse based on your family's unique income and expense profiles and survivor benefits; and in a matter of seconds, supports untimely-death simulations to demonstrate the accuracy of the recommendations
- Continually produces highly integrated outputs based on your inputs: no waiting for report generation and no sifting through page after page of disjointed results as with other tools. You can flip back and forth between input and output screens instantly, and you can tailor the contents of the primary output screen to contain only what you care about. All input and output data is condensed to just 8 pages which cover up to 70 years of well organized details.
- This greatly aids user comprehension and makes sensitivity analysis a snap!
- Always saves your data because it's down-loadable and runs on your computer
Ultimately, Pralana’s Retirement Calculator will give you peace of mind regarding your financial future. Simply stated, our goal is to make it the most comprehensive, accurate and easy to use retirement calculator and personal financial planning tool available. We challenge you to find a product anywhere that offers the capabilities of Pralana’s Retirement Calculator at a comparable price! Please take a few minutes and visit our Discriminators page for a list of the amazing capabilities this calculator puts at your fingertips.
From Don R., Austin, TX: “Again, thank you for this impressive tool! I've been using the ESPlanner and I think Pralana’s Retirement Calculator is much easier to use and understand. So many of the online programs just don't cover all the bases. PRC does!”
From Rick L., Webster, New York: “I purchased your calculator in November this year and made good use of it. I had tried several other calculators and found yours to be the best. It was easy to do what I wanted and most importantly was easy to understand how the projections were created from the data I entered.”
With Pralana’s Retirement Calculator, if you can fill in blanks with your personal information, you can create an accurate model of your financial future. Then, you can refer to it indefinitely, make changes or do what-if’s and see the results as quickly as you can enter the data. All the “heavy lifting” is done by the tool!
Pralana Consulting LLC, Plano, TX
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PRALANA CONSULTING LLC