Best Retirement Planning Tools 2026
by Anonymous
Retirement planning tools help you model whether your savings will last through retirement. The best calculators incorporate Social Security projections, tax optimization, healthcare costs, and inflation scenarios. Monte Carlo simulations provide probability-based outcomes rather than single-point estimates. Start planning early and revisit projections annually as circumstances change.
Empower Retirement Planner
Free
cost
Monte Carlo
simulation method
Basic
tax optimization
Basic
social security planning
Yes, automatic
account linking
Limited
scenario comparison
Fidelity Retirement Score
Free
cost
Proprietary scoring
simulation method
No
tax optimization
Yes
social security planning
Yes, Fidelity accounts
account linking
No
scenario comparison
NewRetirement
Free / $120/yr
cost
Monte Carlo + scenarios
simulation method
Yes, Roth conversions
tax optimization
Yes, optimization
social security planning
Manual + some linking
account linking
Yes, multiple scenarios
scenario comparison
FireCalc
Free
cost
Historical backtesting
simulation method
No
tax optimization
Yes
social security planning
Manual entry only
account linking
Yes, variable inputs
scenario comparison
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