Flexible Retirement Planner vs Moneysmart Retirement Planner
Flexible Retirement Planner
flexibleretirementplanner.com
Moneysmart Retirement Planner
moneysmart.gov.auSide by side
| Figure | Flexible Retirement Planner | Moneysmart Retirement Planner |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| Plans published | 2 | 1 |
| Spec score · Retirement Planning Software | 8.8 (#5) | 7.4 (#21) |
| Purpose | The planner uses Monte Carlo simulation to model retirement outcomes and reports a probability of success. | The planner estimates retirement income, helps users check progress toward retirement goals and helps create a retirement plan. |
| Security | The license agreement says the website may not be continuously available, secure, or private and makes no guarantee that use will be uninterrupted or error-free. | Moneysmart says its website uses firewalls, security patches, regular security testing and data encryption, and complies with the Australian Government Protective Security Policy Framework and Information Security Manual. |
| Support | The maker directs users with launch errors to contact support by email and also invites questions through its support forum. | Moneysmart does not have a call centre and directs users to its page feedback form for comments or complaints. |
Plans
Flexible Retirement Planner
- Personal EditionFree
- Personal useFree
In their own words
Flexible Retirement Planner
Flexible Retirement Planner models retirement outcomes with Monte Carlo simulation and reports the probability that a plan succeeds. It runs 10,000 simulated paths spanning savings accumulation and retirement spending. Users can compare Stable, Flexible, and Conservative spending policies, test different assumptions, and use sensitivity analysis to see which inputs affect results most. The standalone version lets users save inputs and maintain multiple what-if scenarios, and it works offline. The planner includes income and savings growth projections, withdrawal planning, detailed tax modeling, and Social Security modeling. Standalone downloads are provided for Windows and Mac/Linux; the Windows version does not require Java. The planner is free for individual non-commercial use, and educators and trainers may use it for educational purposes. A voluntary contribution of any amount unlocks a personal-use license key. Commercial use, including by financial planners, is not authorized or supported. Its maker, Random Walk Ventures LLC, created it in 2006.
Moneysmart Retirement Planner
Moneysmart Retirement Planner has no write-up on Specifiction yet; its figures are above.