Income Lab vs ProjectionLab
Income Lab
incomelaboratory.com
ProjectionLab
projectionlab.comSide by side
| Figure | Income Lab | ProjectionLab |
|---|---|---|
| Price from | $80/mo | $10.75/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 3 | 6 |
| Spec score · Retirement Planning Software | 8.0 (#9) | 9.0 (#3) |
| Founded | 2018 | 2021 |
| Integrations | The pricing page names Schwab, Fidelity, Orion, Black Diamond, Redtail, Wealthbox, and Salesforce integrations, and Yodlee account aggregation in Pro. | Direct financial-account linking is not supported; plugins can sync Lunch Money, YNAB and Monarch Money data or run custom automations. |
| Purpose | Income Lab provides retirement income planning software for financial advisors. | ProjectionLab simulates personal financial and retirement scenarios to help users plan their financial future. |
| Support | The company offers a help center, walkthrough bookings, and contact by phone or email. | Support is available by email, through the Discord community, and via bookable educational 1-on-1 sessions. |
Plans
ProjectionLab
- BasicFree
- BasicFree
- Premium$129 a year
- Premium$129 a year
- Pro$549 a year
- Pro$549 a year
In their own words
Income Lab
Income Lab has no write-up on Specifiction yet; its figures are above.
ProjectionLab
ProjectionLab simulates personal financial and retirement scenarios to help users plan for different possible futures. Users can model life milestones, cash flow, estimated taxes, investment strategies, account types, withdrawals and estate outcomes. Monte Carlo simulations and historical backtesting let users explore potential outcomes. The free Basic plan includes forecasting, financial planning, simulations and backtesting. Premium adds tax optimization, Roth conversions, ACA subsidies, capital gains harvesting, international planning and advanced analytics, and costs $129 a year. Pro costs $549 a year and is aimed at financial advisors and coaches, with client management tools and 10 client seats. ProjectionLab does not directly link financial accounts, so users can make plans without supplying account numbers or connecting bank or brokerage accounts. The web app can be installed on mobile devices as a Progressive Web App; the maker says it has no formal mobile app. Support is available by email, Discord and bookable educational sessions.