MaxiFi vs ProjectionLab
MaxiFi
maxifi.com
ProjectionLab
projectionlab.comSide by side
| Figure | MaxiFi | ProjectionLab |
|---|---|---|
| Price from | $12.42/mo | $10.75/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 2 | 6 |
| Spec score · Retirement Planning Software | 9.0 (#2) | 9.0 (#3) |
| Spec score · Financial Planning Software | 8.9 (#4) | 8.8 (#7) |
| Founded | 1993 | 2021 |
| Integrations | The site describes plan sharing with a financial advisor who has a MaxiFi PRO subscription. | Direct financial-account linking is not supported; plugins can sync Lunch Money, YNAB and Monarch Money data or run custom automations. |
| Optimization | Paid features include Roth conversion, Social Security filing, and retirement withdrawal optimizers. | Optimize can test combinations of Roth conversions, gain harvesting and drawdown order against targets such as tax brackets, IRMAA cliffs or ACA limits. |
| Purpose | MaxiFi creates a lifetime financial plan and calculates sustainable annual spending based on income, assets, taxes, Social Security, and other inputs. | ProjectionLab simulates personal financial and retirement scenarios to help users plan their financial future. |
| Security | The company says customer data is encrypted at rest with AES-256 and web traffic uses TLS 1.2 or 1.3; it also requires two-factor authentication for customer logins. | The maker states that data is encrypted in transit with HTTPS/TLS and at rest with AES-256, and that it uses multifactor authentication and SOC 2 aligned controls. |
| Security controls | The company states that it uses AES-256 encryption at rest, TLS 1.2 or 1.3 in transit, mandatory two-factor authentication, daily backups, monthly vulnerability scans and annual penetration testing. | The service supports email or Google sign-in, TOTP or SMS multi-factor authentication, database-level account isolation and least-privilege administrative access. |
| Support | Support is provided through online tickets, with listed contact hours Monday through Friday, 8 a.m. to 8 p.m. Eastern; phone support is not included in the purchase price. | Support is available by email, through the Discord community, and via bookable educational 1-on-1 sessions. |
| What it does | MaxiFi builds economics-based lifetime financial plans that calculate affordable spending from income, assets, taxes, Social Security and other household data. | ProjectionLab is a browser-based financial planner that models long-term household finances, milestones, cash flow, taxes and retirement outcomes. |
Plans
ProjectionLab
- BasicFree
- BasicFree
- Premium$129 a year
- Premium$129 a year
- Pro$549 a year
- Pro$549 a year
In their own words
MaxiFi
MaxiFi builds a lifetime financial plan and estimates sustainable annual spending using income, assets, taxes, Social Security and other inputs. You can revise the plan to compare choices such as changing jobs, buying a home or retiring early. It models federal, state, FICA and IRMAA taxes, Social Security benefits and Medicare Part B premiums. Paid optimizers cover Roth conversions, Social Security filing and retirement withdrawals. Living Standard Monte Carlo compares how investment strategies and spending behavior affect discretionary spending; the software also estimates life insurance needs using contingency plans. Annual reports can be exported as PDF or Excel files, and plans can be shared with an advisor who has a MaxiFi PRO subscription. MaxiFi is available on Android, iOS, Linux, macOS, web and Windows. It offers a 14-day trial with limited features and comparison of three alternate scenarios. The Unlocked plan is listed at $149 a year. Support is through online tickets; phone support is not included.
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.