Retireator vs T. Rowe Price Retirement Income Calculator
Retireator
retireator.orgT. Rowe Price Retirement Income Calculator
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| Figure | Retireator | T. Rowe Price Retirement Income Calculator |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| Plans published | 2 | 0 |
| Spec score · Retirement Planning Software | 8.3 (#7) | 6.7 (#26) |
| Purpose | Retireator is a retirement simulator focused on short- and medium-term financial planning. | The calculator estimates where users stand for retirement and suggests potential actions to prepare. |
| Social Security | Social Security calculations include full-retirement-age rules, work credits, wage indexing, COLA, AIME/PIA, spousal and survivor benefits, deemed filing, early-retirement reductions, and delayed credits. | Unless users indicate they are ineligible, the tool estimates Social Security based on retirement age and current salary, assumes benefits begin at age 70, and increases them annually with 3% inflation. |
| Tax modeling | Tax features cover filing status, payroll, federal, self-employment, state, long-term-capital-gains, annuity, and Social Security taxes. | The tool estimates federal and state taxes and uses tax assumptions that include a reversion to pre-TCJA rates for calculations extending beyond 2026. |
Plans
T. Rowe Price Retirement Income Calculator
No plans published.
In their own words
Retireator
Retireator is a free, open-source retirement simulator written in Microsoft Excel for short- and medium-term financial planning. Users can build and test drawdown strategies across years using different income sources. It projects income and savings growth, supports withdrawal planning and scenario analysis, and models Social Security benefits and federal and state income taxes. Social Security calculations include spousal and survivor benefits, early-retirement reductions, and delayed-retirement credits. Other modeled factors include wage and consumer price inflation, stocks and bonds, past and future market conditions, employment and passive income, defined benefit pensions, debt, and net worth. Portfolio features cover target date funds and 401(k), 403(b), and IRA accounts. Housing tools include mortgage payment and amortization calculations, reverse mortgages, and scheduled one-time expenses. The listed annuity types include immediate, deferred, fixed, variable, indexed, and joint and survivor options. Tax calculations also cover payroll, self-employment, and long-term capital gains. Retireator is available on the web and Windows; account synchronization is not included.
T. Rowe Price Retirement Income Calculator
T. Rowe Price Retirement Income Calculator has no write-up on Specifiction yet; its figures are above.